Dewan Housing Finance has rallied 6% to Rs 184 after net profit more than doubled to Rs 197 crore for the quarter ended March 31, 2013 (Q4) against profit of Rs 94 crore in a year ago quarter.
Net interest income increased two-fold to Rs 394 crore from Rs 197 crore during the recently concluded quarter.
"The previous year figures includes the financials of two subsidiaries – First Blue Home Finance and DHFL Holdings Private Limited, which amalgamated in the company during the year," Dewan Housing Finance said in a filing.
Meanwhile, the board has recommended a final dividend of 30% or Rs 3 per equity share of face value Rs 10 each for the financial year 2012-13.
The stock opened at Rs 185 and hit a low of Rs 182 on NSE. A combined 290,665 shares have changed hands on the counter till 0930 hours on NSE and BSE.