DHFL net up 15% to Rs 160 crore

Housing finance company Dewan Housing Finance Corporation (DHFL) Friday reported a 15 percent jump in net profit at Rs 160 crore in the October- December quarter of this fiscal compared to that of Rs 138 crore in the same period a year ago.

Mumbai: Housing finance company Dewan Housing Finance Corporation (DHFL) Friday reported a 15 percent jump in net profit at Rs 160 crore in the October- December quarter of this fiscal compared to that of Rs 138 crore in the same period a year ago.

"Our focus on reaching out to customers in the low and middle income segment in tier III, IV and V locations has helped us in maintaining a healthy loan portfolio and steady net profit growth in the quarter," chairman and managing director Kapil Wadhawan said.

Its loan book outstanding grew 26 percent to Rs 47,776 crore from Rs 37,849 crore.

During the quarter, gross NPA stood at 0.77 percent. Net interest margin was 2.77 percent.

Loan disbursements and sanctions were Rs 4,923 crore and Rs 7,072 crore, respectively. Total income was up by 17 percent to Rs 1,527 crore as against Rs 1,301 crore in the year-ago quarter.

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