Fullerton India : FY14 profit up 24%

21 June 2014

Fullerton India Credit Co. Ltd on Friday said net profit in fiscal 2014 rose 24% to R188 crore from R152 crore in the previous year, mainly as demand for loans stayed strong.

Revenue from loans to small and medium enterprises, loans against property and loans to buy commercial vehicles increased 17% to R1,388 crore over the previous year.