Money & Banking

Dewan Housing stand-alone net rises 26%

Our Bureau Mumbai | Updated on January 08, 2018 Published on October 16, 2017

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).

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 16, 2017
This article is closed for comments.
Please Email the Editor