DHFL profit up 26% at Rs 293 cr during July-Sept

The board of the company declared an interim dividend of Rs 3 per share or 30 per cent on equity share for 2017-18

Housing financier DHFL today reported a 26.1 per cent rise in net profit to Rs 293.30 crore for the quarter ended in September this year compared to Rs 232.62 crore in the same period of last year.

Total income of the company grew by 21 per cent to Rs 2,614.25 crore in July-September, against Rs 2,161.38 crore in the same period of previous fiscal, Dewan Housing Finance Corporation Ltd (DHFL) said in a regulatory filing.

The board of the company at the meeting held today also declared an interim dividend of Rs 3 per share or 30 per cent on equity share for 2017-18.

DHFL is engaged in the business of providing loans for purchase or construction of residential houses.

The loans sanctioned during the quarter ended of September this fiscal rose by 68 per cent from a year ago to Rs 14,201.03 crore, while disbursements rose by 51 per cent to Rs 9,949.72 crore.

DHFL shares closed 3.84 per cent higher at Rs 558.55 on BSE.