Comments
Housing finance company Dewan Housing Finance Corp. posted an 18 per cent increase in the first-quarter net profit at about Rs 78 crore against Rs 66 crore a year ago.
The company, whose main business is to provide loans for purchase or construction of residential houses, reported a 49 per cent increase in the first-quarter revenue at about Rs 739 crore (Rs 497 crore a year ago).
In an indicative trend that housing demand has not slowed, the Mumbai-based company’s loan book grew by about 40 per cent to Rs 21,397 crore in the first quarter of the current financial year (Rs 15,337 crore a year ago).
satyanarayan.iyer@thehindu.co.in
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.