GRUH Finance Q2FY18 standalone net profit increases 25.5% yoy

India Infoline Research Team | October 14, 2017 15:06 IST

GRUH Finance Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
NII 172.6 30.4
Net Profit (adjusted) 77.8 25.5

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Reco. Price

528.3

Last updated on

10-Oct-2017


GRUH Finance reported its standalone Q2FY18 results. NII for the quarter grew by 30.4% yoy to Rs. 172.6 crore vs Rs.132.3 crore in Q2FY17.This was due to substantial increase in interest income at 12.7% yoy vs lower increase in interest expended at 2.7% yoy.

Company’s loan assets grew by 18 % yoy to Rs. 14,304 crore in Q2FY18 vs Rs. 12,089 crore in Q2FY17.

The company’s provisions for bad loans have increased by 150% yoy to Rs. 22.8 crore.

Further, the net profit increased by 25.5% yoy to Rs.77.8 crore in Q2FY18 vs Rs.61.98 crore in Q2FY17.

The aggregate NPAs of the company are 0.67% of the loan assets as on Q2FY18 vs 0.62% as on Q2FY17.

The net NPAs of the company are 0.07% of the loan assets as on Q2FY18 vs 0.29% as on Q2FY17.



Technical View:

GRUH Finance Ltd ended at Rs. 522.15, down by 2.25 points or 0.43% from its previous closing of Rs. 524.40 on the BSE.
The scrip opened at Rs. 530.50 and touched a high and low of Rs. 532 and Rs. 513.15 respectively. A total of 3,64,008(NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

BSE 508.80 3.50 (0.69%)
NSE 508.50 2.65 (0.52%)

***Note: This is a NSE Chart

 

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