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DHFL shares up 2% post Q2 earnings

Press Trust of India  |  New Delhi 

Shares of mortgage firm DHFL today rose by 2 per cent after the company reported 28.8 per cent jump in net profit for the quarter ended September 30.

The scrip gained 2.08 per cent to end at Rs 307.30 on Intra-day, it went up by 2.74 per cent to Rs 309.30 -- its 52-week high.


On NSE, the stock rose by 2 per cent to settle at Rs 307.35.

On the volume front, 8.95 lakh shares of the company were traded on and more than 97 lakh shares changed hands at during the day.

Finance Corporation Ltd (DHFL) today reported 28.8 per cent jump in net profit at Rs 232.61 crore for the quarter ended September 30, helped by healthy growth in loan disbursements.

In the same quarter of the previous fiscal, the profit after tax stood at Rs 180.36 crore.

Its total income rose by 19.66 per cent to Rs 2,167.72 crore as against Rs 1,811.63 crore, DHFL said in a statement.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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