Fi­nan­cial re­sults of GRUH Fi­nance

Business Standard - - ECONOMY -

The Board of Di­rec­tors of GRUH Fi­nance Ltd. (GRUH) – a sub­sidiary of HDFC Ltd. – has ap­proved the an­nual au­dited ac­counts for the year ended March 31, 2018 at their meet­ing held in Mum­bai on April 14, 2018. Profit af­ter tax for the year amounted to Rs. 363 crores as com­pared to Rs. 297 crores for the pre­vi­ous year in­di­cat­ing a growth of 22%. The profit for the year has been ar­rived at af­ter charg­ing Rs. 37 crores (Pre­vi­ous Year Rs. 29 crores) to­wards of De­ferred Tax Li­a­bil­ity (DTL) on Spe­cial Re­serve cre­ated dur­ing the year and Rs. 4.37 crores (Pre­vi­ous Year Rs. 3.36 crores) on Cor­po­rate So­cial Re­spon­si­bil­ity (CSR) Ac­tiv­i­ties. The Board of Di­rec­tors rec­om­mended pay­ment of div­i­dend for the year ended March 31, 2018 of Rs. 3.30 per eq­uity share as against Rs. 2.80 per eq­uity share in the pre­vi­ous year. Div­i­dend pay­out ra­tio for the year in­clu­sive of tax on div­i­dend will be 40%.

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