INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Mortgage lender DHFL on Monday reported 35 per cent rise in net profit to Rs 435 crore for the first quarter ended June 30 of the
current fiscal on higher lending
The company had posted a net profit of Rs 322.4 crore in the April-June quarter of last fiscal.
Its total income went up to Rs 3,156.1
crore, from Rs 2,497.1 crore.
Loan book outstanding saw a growth of 33 per cent to Rs 1,00,980.5 crore during the quarter under review as
against Rs 76,224.8 crore in the year-ago period.
Loan disbursements and sanctions for the June quarter stood at Rs 13,582.9 crore an
increase of 65 per cent, DHFL chairman and managing director Kapil Wadhawan said.
Assets under management grew 37 per cent year on year to
Rs 1,20,939.9 crore as of June end
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.
With the
dynamic momentum of the government’s initiatives and regulatory reforms in the affordable housing space, 2018-19 has begun on a promising
trajectory for the industry, he said
