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).