Dewan Housing Finance Corp Q3 net profit up 25% to Rs 3.06 billion

The assets under management grew 29.4% to Rs 1,012 billion in Q3 FY18 from Rs 782.96 billion a year ago

Dewan Housing Finance Corporation (DHFL) reported a 25 per cent increase in its net profit for the third quarter ended December 2017 (Q3) at Rs 3.06 billion compared with Rs 2.47 billion in the corresponding three months a year ago. Sequentially, the figure rose by only four per cent.

The company’s total income from operations was up 11.5 per cent to Rs 26.34 billion in the reporting quarter from Rs 23.62 billion in the year-ago period. On a sequential basis, total income increased 1.1 per cent from Rs 26.14 billion in Q2.

The assets under management (AUM) grew 29.4 per