Dewan Housing Finance Corp profit up 26% to Rs 3.12 bn in Jan-March

Total revenue increased by 18.2 per cent from Rs 88.6 billion at the end of FY2017 to Rs 104.6 billion at the end of FY2018

Dewan Housing Finance Corporation’s (DHFL) has posted 26 per cent rise in net profit for the fourth quarter ended March 2018 at Rs 3.12 billion, from Rs 2.48 billion in January-March 2017.  During the fourth quarter of 2016-17, it had received an exceptional profit of Rs 19.6 billion on sale of investments. Harshil Mehta, joint MD and CEO at DHFL, said, “the rise in profitability and disbursements has come from the fact that we have been very active in the retail home loan space, which, is in turn, is driven by the affordable housing portfolio in Tier-II and Tier-III markets.”