SRG Housing Finance Reports 7.89% Net Profit Growth in Q3 FY25
SRG Housing Finance reported a 7.89% increase in net profit for the third quarter of FY25, with a total income of Rs 40.25 crore, marking a 24.96% growth from Rs 32.21 crore in the corresponding period last year.
Srg Housing FinanceNet ProfitQ3 Fy25Financial ResultsHousing FinanceReal Estate NewsJan 31, 2025
The company has reported a significant increase in its net profit, marking a 7.89% growth compared to the same period last year.
The net total income for the quarter stood at Rs 40.25 crore, a robust 24.96% increase from Rs 32.21 crore recorded in Q3 of the previous fiscal year.
The company attributes this growth to a combination of strategic initiatives and a favorable market environment.
SRG Housing Finance has been focusing on expanding its customer base and diversifying its product offerings to meet the evolving needs of homebuyers.
The company has also been proactive in adopting innovative technologies to streamline its operations and improve customer service.
In a press release, the CEO of SRG Housing Finance, Mr.
Ajay Sharma, stated, 'We are delighted to report strong financial performance for the quarter.
Our focus on customer-centric solutions and operational efficiency has paid off.
We remain committed to driving sustainable growth and delivering value to our stakeholders.'
The housing finance sector in India has been witnessing steady growth, driven by factors such as rising urbanization, government initiatives, and a favorable regulatory environment.
SRG Housing Finance has been at the forefront of this growth, capitalizing on the opportunities presented by these trends.
The company has also made significant strides in expanding its presence across Tier-II and Tier-III cities, which are emerging as key markets for the housing finance sector.
SRG Housing Finance has been actively engaging with local communities and building partnerships with real estate developers to enhance its market reach.
Looking ahead, SRG Housing Finance is optimistic about the future.
The company plans to continue its focus on innovation and customer satisfaction, while also exploring new opportunities for expansion.
With a strong financial foundation and a clear strategic direction, SRG Housing Finance is well-positioned to achieve its long-term growth objectives.
SRG Housing Finance is a prominent housing finance company in India, known for its customer-centric approach and robust financial performance.
The company offers a wide range of housing finance solutions, including home loans, construction finance, and home improvement loans.
SRG Housing Finance is committed to empowering homebuyers and contributing to the growth of the housing sector in India.
Frequently Asked Questions
What is the net profit growth of SRG Housing Finance in Q3 FY25?
SRG Housing Finance reported a 7.89% increase in net profit for the third quarter of FY25.
What was the total income of SRG Housing Finance in Q3 FY25?
The net total income for SRG Housing Finance in Q3 FY25 was Rs 40.25 crore.
How much did the total income grow in Q3 FY25 compared to the previous year?
The total income of SRG Housing Finance grew by 24.96% in Q3 FY25 compared to the previous year.
What factors contributed to the growth of SRG Housing Finance?
The growth of SRG Housing Finance is attributed to strategic initiatives, a favorable market environment, and a focus on customer-centric solutions and operational efficiency.
What are SRG Housing Finance's plans for the future?
SRG Housing Finance plans to continue its focus on innovation and customer satisfaction, while also exploring new opportunities for expansion in Tier-II and Tier-III cities.
Related News Articles
Residential Real Estate in Delhi-NCR Sees Unprecedented Growth
The Delhi-NCR region has witnessed a remarkable 95% surge in new real estate launches in Q2 FY 2024, according to a recent PropEquity report.
The Rise of Sustainable Commercial Real Estate in India
Ashish Sharma, AVP Operations, Brahma Group, shares his insights on the growing trend of green commercial real estate in India.
MCB Real Estate Ups Bid for Whitestone REIT to a Staggering $1.45 Billion
Whitestone REIT's shares surged up to 7.9% following the news of MCB Real Estate's enhanced takeover bid.
Karnataka Takes the Lead with India's First Circular Economy Policy: Minister Priyank Kharge
Karnataka is set to become the first state in India to implement a circular economy policy, according to Priyank Kharge, the Minister for Information Technology & Biotechnology and Science and Technology. The policy aims to reduce waste through sustainabl
Maharashtra Proposes Single-Window Clearance for Affordable Housing Projects
The Maharashtra State Cooperative Housing Federation is advocating for a single-window clearance system in the new housing policy to streamline the approval process and enhance affordable housing development.
MahaRERA Freezes Accounts of 1,950 Stalled Real Estate Projects to Protect Buyers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of more than 1,950 real estate projects to protect homebuyers from potential fraud and delays.