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Dewan Housing Finance Corporation (DHFL) reported a 17 per cent increase in standalone net profit at ₹190 crore in the fourth quarter ended March 31, 2016, as against ₹162 crore in the corresponding year-ago period.
For the year-ended March 31, 2016, the housing finance company logged a 17 per cent increase in net profit at ₹729 crore (₹621 crore in FY15).
The board of directors of the company has recommended a final dividend of ₹2 per equity share of face value ₹10 each, which is in addition to two interim dividends declared and paid during FY16. The total dividend for this financial year, including interim dividend, is ₹8 per equity share against ₹6 per equity share for the previous year.
According to a company statement, loan disbursements and sanctions were ₹7,822 crore and ₹12,775 crore, respectively, for the quarter ended March 31, showing an increase of 24 per cent and 36 per cent, respectively, over the corresponding period of the previous year
Net interest margin improved to 2.96 per cent in FY16 from 2.89 per cent in FY15.
DHFL shares closed at ₹198.05 apiece, down 2.82 per cent over the previous close on the BSE.
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