DHFL net zooms 35% to ₹435 crore

Our Bureau Mumbai | Updated on August 13, 2018 Published on August 13, 2018

Dewan Housing Finance Corporation (DHFL) reported a 35 per cent increase in net profit at ₹435 crore in the first quarter ended June 30, against ₹322 crore in the year-ago period.

Revenue from operations were up 26 per cent to ₹3,150 crore. Total expenses, including finance costs, employee benefit expenses and provisions for expected credit loss, rose 23 per cent to ₹2,518 crore.

Loan disbursements stood at ₹13,582.9 crore for the quarter, up 65 per cent over the corresponding quarter of the previous year, a company statement said.

The loan book outstanding grew 33 per cent to ₹1-lakh crore (₹76,224.8 crore). Net interest margin improved to 3.44 per cent (3.05 per cent).

Gross non-performing assets slipped to 0.93 per cent of gross advances (0.97 per cent).

Published on August 13, 2018
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