Moneycontrol News
Dewan Housing Finance Corporation (DHFL) has reported a 25.8 percent growth year-on-year in net profit at Rs 312.4 crore for the quarter ended March 2018, against adjusted profit of Rs 248.3 crore in year-ago.
Revenue from operations during the quarter grew by 18 percent to Rs 2,802 crore from Rs 2,375.4 crore in corresponding period of last fiscal.
Asset quality was stable, with gross non-performing assets unchanged at 0.96 percent on sequential basis.
The housing finance company showed asset management growth at 9.7 percent sequentially and 32.9 percent year-on-year for the quarter ended March 2018 while disbursement growth was at Rs 45.4 percent QoQ and 81.3 percent YoY.
Net interest margin was flat at 3.03 percent compared to previous quarter.
At 14:28 hours IST, the stock price was quoting at Rs 644.50, up Rs 10.20, or 1.61 percent on the BSE.
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