Gruh Finance

A subsidiary of HDFC, which currently holds 58.55% stake posted a good set of numbers for Q4FY17. Its net profit rose 26% (YoY) at Rs.110 crore on a 13% rise in total income at Rs.416 crore.  The company’s main business is giving loans for buying/making residential homes.

Its loan assets in FY17 grew 19% at Rs.13,244 crore and in terms of asset quality, it is one of the best. Its Net NPA has remained zero for years and continues to do so. Gross NPA was at o.31%

It ended FY17 with a 22% increase in net profit at Rs.297 crore and revenue rose 17% at Rs.1487 crore. As at 31^st March 2017, there were 109 FIIs who together held 10.96% equity.