Aadhar Housing Finance Q2 Results: Profit rises 15% to Rs 228 crore
Finance on Wednesday reported a 15% year-on-year rise in net profit at Rs 228 crore, backed by a healthy business expansion.
The net profit was Rs 197 crore in the year ago quarter.
The lender's total income rose 21.5% at Rs 764 crore 629 crore in line with 21% expansion of assets under management to Rs 22,817 crore at the end of September.
Pre-provision operating profit for the quarter was also 20% higher at Rs 306 crore. The lender provided Rs 133 crore during the quarter, nearly 9 times higher than what it was in the year-ago period.
Its gross non-performing assets ratio stood at 1.29% at the end of September, as against 1.35% a year back.
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