DHFL Q3 net down 37% to Rs 314 crore due to surge in provisions

Net interest income surges 20%; return on assets halves to 1.21%

Deposit taking housing finance compnay, DHFL, has reported a 37 per cent decline in its profit after tax (PAT) in the third quarter of FY 19 to Rs 313.6 crore from Rs 495.4 crore in Q3 FY 18.

The net interest income of the company has jumped 20 per cent to Rs 752 crore in Q3 FY 19 from Rs 629 crore in Q3 FY18. Provisions of the company saw a 70 per cent rise in the quarter ended December 2018 to Rs 132 crore from Rs 78 crore in the same quarter last year.

The housing finance company was one of