Gruh Finance profit rises 19.5 pc in Jul-Sep

Gruh Finance, a subsidiary of HDFC Ltd, has reported 19.53 per cent rise in net profit at Rs 61.8 crore for the second quarter ended September 30.
Company's net profit stood at Rs 51.7 crore in the July- September quarter of 2015-16.
"Total income has increased to Rs 367.43 crore for the quarter ended September 30, 2016 from Rs 311.81 crore for the quarter ended September 30, 2015 to," it said in a regulatory filing.
Gruh Finance offers affordable housing loans in the rural and semi urban locations.
As on September 30, 2016 company's cumulative disbursements were at Rs 21,016.83 crore.

Shares of the company closed 0.59 per cent down at Rs 355.35 on BSE.