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Gruh Finance, a subsidiary of HDFC Ltd, has reported a 24 per cent increase in net profit at Rs 28.89 crore in the third quarter ended December 31, 2012, against Rs 23.30 crore in the year-ago period.
The housing finance company's total income was up 26 per cent at Rs 166.42 crore (Rs 131.94 crore in the year-ago period). Total expenditure increase by 25 per cent to Rs 120.48 crore (Rs 96.08 crore).
In the nine months ended December 31, 2012, the company's disbursements jumped 49 per cent to Rs 1,491 crore (Rs 1,001 crore). As on December 31, loan assets increased to Rs 5,003 crore, a growth of 33 per cent from Rs 3,761 crore as on December 31, 2011.
Gross non-performing assets declined to 0.53 per cent of loan assets as on December-end 2012 against 0.97 per cent as on December-end 2011.
Shares of Gruh Finance closed at Rs 235.80 a share, down 1.67 per cent over the previous close of Rs 239.80 on the BSE.
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