The Net Profit of DHFL Rises 35 Per Cent in Q1
On Monday, it was being reported by DHFL that there was 35 per cent rise in net profit to Rs 435 crore for the first quarter of this year. Last year, the company just had a net profit of Rs 322.4 crore in the April-June quarter.
The total income of the company grew up to Rs 3,156.1 crore, which was earlier Rs 2,497.1 crore.
During the quarter under review, the loan book outstanding saw a growth of 33 per cent to Rs 1,00,980.5 crore as against Rs 76,224.8 crore in the year-ago period.
In this quarter that ended on June, the Loan disbursements and sanctions of the company stood at Rs 13,582.9 crore. It is estimated that this is an increase of 65 per cent according to the chairman and managing director of DHFL, Kapil Wadhawan.
He also reported that the assets under management grew 37 per cent year on year to Rs 1,20,939.9 crore as of June end. The company’s gross NPA marginally declined to 0.93 per cent while net interest margin rose to 3.44 per cent from 3.05 per cent a year ago.
It was said that 2018-19 has begun on a promising trajectory for the industry due to the dynamic momentum of the government’s initiatives and regulatory reforms in the affordable housing space.