DHFL rallies 6% as Q2 net profit jumps 52%

The stock has tumbled over 63 per cent since September 14.

Shares of Dewan Housing Finance Corporation (DHFL) rallied as much as 6 per cent to Rs 238.65 apiece in intra-day deals on Wednesday, after the company reported a 52 per cent year-on-year (YoY) increase in its net profit at Rs 4.38 billion for September quarter of FY19. The company had posted profit of Rs 2.87 bilion in the year-ago period. The counter ended the day at Rs 235 levels, up around 4.3 per cent over its previous close.

Total revenue from operations stood at Rs 35.15 billion, up 34 per cent YoY against Rs 2.87 bilion posted in the corresponding