Gruh Finance trades jubilantly on reporting 17% rise in Q4 net profit

Gruh Finance is currently trading at Rs. 337.20, up by 24.70 points or 7.90% from its previous closing of Rs. 312.50 on the BSE. The scrip opened at Rs. 337.00 and has touched a high and low of Rs. 359.00 and Rs. 331.40 respectively. So far 53068 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 359.00 on 15-Apr-2014 and a 52 week low of Rs. 188.00 on 30-Apr-2013. Last one week high and low of the scrip stood at Rs. 359.00 and Rs. 289.25 respectively. The current market cap of the company is Rs. 6043.40 crore. The promoters holding in the company stood at 59.27% while Institutions and Non-Institutions held 17.48% and 23.25% respectively. Gruh Finance has reported results for fourth quarter and year ended March 31, 2014 The company has posted a rise of 16.71% in its net profit at Rs 73.60 crore for the quarter ended March 31, 2014 as compared to Rs 63.06 crore for the same quarter in the previous year. Total income of the company has increased by 31% at Rs 254.42 crore for quarter under review as compared to Rs 194.22 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a jump of 30.09% in its net profit at Rs 846.16 crore as compared to Rs 650.45 crore for the same period in the previous year. Total income of company has surged by 21.31% at Rs 176.96 crore for year under review as compared to Rs 145.88 crore for the period ended March 31, 2013.