Business Daily from THE HINDU group of publications
Wednesday, Jul 25, 2007
ePaper
Business Daily from THE HINDU group of publications Wednesday, Jul 25, 2007 ePaper |
|
|
|
|
|
|
|
Money & Banking
-
Financial Performance Corporate Results - Housing Finance Dewan Housing Q1 net rises 42%
Our Bureau Mumbai, July 24 Buoyed by a rise in its net interest income (NII), Dewan Housing Finance Ltd has posted a 42.68 per cent growth in its net profit for the quarter ended June 30, 2007 to Rs 14.17 crore, against Rs 9.93 crore in the corresponding quarter of the previous year. The NII went up 38.41 per cent to Rs 28.22 crore from Rs 20.38 crore. Interest income on loans include Rs 1.02 crore (Rs 93.55 lakh) from securitisation of certain housing loans, said a press release from DHFL. The net interest margin was at 3.03 per cent. The total income went up by almost 70 per cent to Rs 108.66 crore from Rs 65.46 crore. The company saw a 42.19 per cent growth in disbursements. Loan disbursements for the quarter were Rs 409.40 crore compared with Rs 287.92 crore in the corresponding quarter of the last fiscal. The net non-performing assets were at 1.41 per cent (1.3 per cent).
Related Stories: More Stories on : Financial Performance | Housing Finance
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|