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Dewan Housing Finance Corporation (DHFL) reported a 26 per cent increase in second quarter stand-alone net profit at ₹293 crore against ₹233 crore in the year-ago period.
The company’s board of directors declared an interim dividend of ₹3 per share on equity shares of face value ₹10 each.
Revenue from operations was up 21 per cent year-on-year (y-o-y) at ₹2,610 crore in the reporting quarter.
Finance cost increased 17 per cent y-o-y to ₹1,903 crore, while other expenses jumped 74 per cent to ₹183 crore.
Loans sanctioned during the reporting quarter soared 68 per cent to ₹14,201 crore. Disbursements jumped 51 per cent to ₹9,950 crore.
Loan book outstanding grew 24.6 per cent to ₹81,390 crore during the quarter, as against ₹75,223 crore in the corresponding quarter of the previous year.
Net interest margin was flat at 3.05 per cent. Gross non-performing assets to gross advances ratio was also flat at 0.96 per cent.
As at September-end 2017, the company’s average loan ticket size moved up to ₹14.6 lakh (₹13.41 lakh as at September-end 2016).
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