Housing finance company Dewan Housing Finance Corp. posted an 18 per cent increase in the first-quarter net profit at about Rs 78 crore against Rs 66 crore a year ago.

The company, whose main business is to provide loans for purchase or construction of residential houses, reported a 49 per cent increase in the first-quarter revenue at about Rs 739 crore (Rs 497 crore a year ago).

In an indicative trend that housing demand has not slowed, the Mumbai-based company’s loan book grew by about 40 per cent to Rs 21,397 crore in the first quarter of the current financial year (Rs 15,337 crore a year ago).

satyanarayan.iyer@thehindu.co.in

(This article was published on July 27, 2012)
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