GRUH FINANCE = RESULTS = Q2 FY 2012 = Q/E DEC,2011 = NPT UP 33% YOY

Gruh Finance Limited

NSE Symbol        GRUH

Gruh Finance has performed reasonably well in Q3 FY 2012.

Net Sales has improved to Rs.124.33 cr in Q3 FY 12 (Current Qtr) – from Rs.114.78 cr(Up by 8.32%) in the previous Qtr of Q2 FY 12 and Rs.87.88 cr (Up by 41.48%) in the corresponding Qtr of Q3 FY 11.

Total Expenditure stands at Rs.14.50 in Q3 FY 12 – compared to Rs.15.61 (down by -7.11%) in previous qtr – and Rs.13.57 cr (Up by 6.85%) in corresponding Qtr.

Profit from Operations improved to Rs.117.20 cr in current Qtr – compared to Rs.106.63 cr (Up by 9.91%) from Q2 FY 12; and Rs.80.27 cr (Up by 46.01%) in corresponding Qtr.

Interest Expense has shot up to Rs.81.57 cr in Q3 FY 12 – compared to Rs.74.01 cr (Up by 10.21%) in previous qtr; and Rs.54.13 cr (Up by 50.69%) in corresponding Qtr.

Profit before tax stands at Rs.35.86 cr in Q3 FY 12; compared to Rs.32.77 cr (Up by 9.43%) in previous qtr; and Rs.26.44 cr (Up by 35.63%) in corresponding Qtr of Q3 FY 11.

Tax expense stands at Rs.12.56 cr in current Qtr – compared to Rs.11.85 cr (Up by 5.99%) in previous qtr – and Rs.8.90 cr (Up by 41.12%) in corresponding Qtr.

Net Profit  stands at Rs.23.30 cr in current Qtr – compared to Rs.   20.92 cr (Up by 11.38%) in previous qtr and Rs.17.54 cr (Up by 32.84%) in corresponding Qtr.

Basic EPS stands at Rs.6.6 in Q3 FY 12,current Qtr – compared to Rs.5.93 in Q2 FY 12 and Rs.5.84 in Q1 FY 12. At this Rate, annual EPS can be around Rs.25 on a Face Value of Rs.10.

Current MP is Rs.571. The 52 week high price  is Rs.630 while the 52 week low price is Rs.305.35.

The PE Ratio works out to 22.84.

RESULTS TABLE:

gruh finance	31-Dec-11	30-Sep-11	% Dif 1	30-Jun-11	31-Mar-11	31-Dec-10	% Dif 2
Net Sales	12433	11478	8.32	10477	9525	8788	41.48
Other Oprting Income	737	746	-1.21	787	2286	596	23.66
Employees Cost	516	566	-8.83	490	408	425	21.41
Depreciation	58	55	5.45	57	52	52	11.54
Other Expenditure	876	940	-6.81	1490	423	880	-0.45
Total Expenditure	1450	1561	-7.11	2037	883	1357	6.85
Profit from Operations	11720	10663	9.91	9227	10928	8027	46.01
Other Income	23	15	53.33	113	77	30	-23.33
Interest	8157	7401	10.21	6627	5811	5413	50.69
Profit before tax	3586	3277	9.43	2713	5194	2644	35.63
Tax expense	1256	1185	5.99	658	1034	890	41.12
Net Profit	2330	2092	11.38	2055	4160	1754	32.84
Dividend (%)	-	-		-	110	-
Face Value (In Rs	10	10	0	10	10	10	0
Paid Up Equity	3530	3530	0	3524	-	-
Basic EPS	6.6	5.93	11.3	5.84	11.88	5.02	31.47
Public holding (%)	39.64	0		39.53	0	0

*  *  *  E  N  D  *  *  *