New Delhi: On 11th May, Hinduja Leyland Finance reported an increase of 37.4 percent in its annual profit at Rs 111.56 crore for the year ended March 31, 2015, on account of higher income.
The company's net profit in the previous fiscal stood at Rs 81.19 crore.
Total income of the company during 2014-15 rose to Rs 814.34 crore, from Rs 625.22 crore in the preceding fiscal.
The gross non-performing assets (NPAs) or bad loans in also increased marginally to 3.62 percent of the gross advances in 2014-15, from 3.27 per cent in 2013-14.
Net NPAs or bad loans stood at 2.9 percent of the net advances in 2014-15, up from 2.72 percent in 2013-14.
Hinduja Leyland Finance is a financing arm of truck manufacturer Ashok Leyland.
It provides customised finance for utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector.
)
Newsletter
