New Delhi: Gruh Finance, a subsidiary of HDFC Ltd today posted a 19.1 per cent rise in net profit to Rs 64 crore for the third quarter of 2016-17.
The mortgage firm had recorded a net profit of Rs 53.7 crore in the October-December quarter of last fiscal, Gruh Finance said in a filing to stock exchanges.
The total income of the lender also increased to Rs 381 crore during the quarter under review, as against Rs 323.5 crore in the year-ago period.
The gross non-performing assets (NPAs) of the company declined to 0.54 per cent of the total advances during the third quarter from 0.64 per cent in the same quarter previous fiscal.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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