DHFL net up 52% to Rs 138.4 cr

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2014 | 7:42 PM IST
Dewan Housing Finance (DHFL) today reported a 51.67 per cent rise in net profit at Rs 138.39 crore for the December quarter on higher loan disbursements.
The company's net profit in the corresponding period last year stood at Rs 91.24 crore.
The total income for the reporting quarter stood at Rs 1,301.37 crore, up 54.77 per cent from Rs 840.80 crore in the same period last fiscal.
DHFL had disbursed Rs 4,030.23 crore loan during the quarter against Rs 2,983.33 crore last fiscal.
However, gross non-performing assets (NPA) rose to 0.90 per cent from 0.73 per cent.
"This quarter marked DHFL receiving regulatory approvals for its life insurance foray through a joint venture agreement with Prudential Financial. This will help us expand the range of financial services offerings," DHFL Chairman and Managing Director Kapil Wadhawan said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 20 2014 | 7:42 PM IST

Next Story