DHFL Q1 profit up 35% to Rs 435 cr

Loan book outstanding saw a growth of 13 percent to Rs 1,00,980.5 crore during the quarter under review as against Rs 76,224.8 crore in the year-ago period.

August 13, 2018 / 07:49 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mortgage lender DHFL today reported 35 percent rise in net profit to Rs 435 crore for the first quarter ended June 30 of the current fiscal on the higher lending. The company had posted net profit of Rs 322.4 crore in the April-June quarter of last fiscal.

It total income went up to Rs 3,156.1 crore, from Rs 2,497.1 crore, DHFL said in a statement.

Loan book outstanding saw a growth of 13 percent to Rs 1,00,980.5 crore during the quarter under review as against Rs 76,224.8 crore in the year-ago period.

Loan disbursements and sanctions for the June quarter stood at Rs 13,582.9 crore an increase of 65 per cent, DHFL chairman and managing director Kapil Wadhawan said.

Assets under management (AUM) grew 33 per cent year on year to Rs 1,00,980.5 crore as of June end. Gross NPA marginally declined to 0.93 per cent while net interest margin rose to 3.44 per cent from 3.04 per cent a year ago.

Close

With the dynamic momentum of the government's initiatives and regulatory reforms in the affordable housing space, 2018-19 has begun on a promising trajectory for the industry, he said.

"DHFL actively leveraged its competitive strengths and expertise in this conducive ecosystem to reinforce its leadership position in the industry. The new fiscal has commenced with renewed vigor and greater encouragement as reflected by DHFL's healthy Q1 performance," he added.
PTI
first published: Aug 13, 2018 07:45 pm

stay updated

Get Daily News on your Browser
Sections