Money & Banking

Dewan Housing Finance Q4 net up 31%

K R Srivats New Delhi | Updated on January 11, 2018 Published on May 03, 2017

DHFL, a leading housing finance company, on Wednesday reported a 31 per cent increase in net profit for the quarter ended March 31, 2017 at Rs 248 crore (Rs 190 crore).

Total income for the quarter under review increased 21 per cent to Rs 2,378 crore ( Rs 1,960 crore).

For the financial year ended March 31, 2017, Dewan Housing Finance recorded a net profit of Rs 927 crore, a 27 per cent increase over Rs 729 crore recorded in the previous fiscal.

Total income was up 21 per cent at Rs 8,857 crore for the year ended March 31, 2017. Gross NPA stood at 0.94 per cent, while net interest margin stood at 2.99 per cent.

Commenting on the financial performance, Kapil Wadhawan, Chairman & Managing Director, DHFL, said: "DHFL has registered a robust growth in business in the fourth quarter as we continue to take several proactive steps towards fulfillment of DHFL's mission built over three decades to enable every Indian to own a home of his own."

He also said that Dewan Housing Finance was well poised to capitalise on the growth opportunities and continue to deliver higher performance and undertake initiatives with more far reaching impact.

Srivats.kr@thehindu.co.in

Published on May 03, 2017
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