Money & Banking

Dewan Housing posts 26% increase in net profit

Our Bureau Mumbai | Updated on January 08, 2018

Dewan Housing Finance Corporation Ltd (DHFL) has reported a 26 per cent increase in second quarter standalone net profit at Rs 293 crore against Rs 233 crore in the year-ago period.

The company’s board of directors has declared an interim dividend of Rs 3 per share on equity shares of Rs 10 each.

Revenue from operations was up 21 per cent year-on-year (yoy) at Rs 2,610 crore in the reporting quarter. Finance cost increased by 17 per cent yoy to Rs 1,903 crore. Other expenses jumped 74 per cent yoy to Rs 183 crore.

Loans sanctioned during the reporting quarter soared 68 per cent yoy to Rs 14,201 crore. Disbursements jumped 51 per cent yoy to Rs 9,950 crore.

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Published on October 16, 2017
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