SRG Housing Finance's net profit rises 25.48% in Q2 FY25

29 Oct 2024 CW Team

SRG Housing Finance Ltd. (SRGHFL) reported a 25.48% rise in net consolidated profit for the quarter ended September 30, 2024. The company’s profit after tax reached Rs 66 million, compared to Rs 52.6 million in the same quarter last year, according to a filing with the Bombay Stock Exchange (BSE).

SRGHFL’s net consolidated total income stood at Rs 368.4 billion in Q2 FY25, marking an 18.11% growth from Rs 311.9 billion in the corresponding period of the previous fiscal.

Vinod Jain, Managing Director of the company, commented, "Our disbursements rose 41.26% quarter-on-quarter, and we expect this growth trend to continue. As of September 30, 2024, our book value was Rs 141.58 per share, with a debt-equity ratio of 2.68. Our loan book expanded by 26.23% year-on-year to Rs 6.50 billion, keeping us on track to achieve Rs 7.5 billion AUM in the short term and Rs 10 billion in the medium term."

The company reported assets under management (AUM) of Rs 6.5 billion in Q2 FY25, a 26.23% increase, with loan disbursements totalling Rs 629.6 million during the quarter. The loan-to-value (LTV) ratio of the AUM stood at approximately 42%.

As of September 30, 2024, SRGHFL's net worth increased to Rs 2.02 billion from Rs 1.43 billion a year ago, with a return on average equity (ROAE) of 3.56%.

The company’s cost-to-income ratio for Q2 FY25 stood at 64.80%. Gross non-performing assets (NPA) were 1.96%, while net NPA was 0.59%. The capital adequacy ratio was 39.44%, with Tier I capital at 38.98% and Tier II capital at 0.46%. (ET)

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..