DHFL reports 20% jump in Q1 net

Mortgage lender DHFL posted a 22% growth in net profit for the April-June period at Rs 147.15 crore as against Rs 120.30 crore in the year ago period.

While its total income grew 29% to Rs 1,426.65 crore, the pre-tax profit grew 40% to Rs 222.46 crore during the period.

The loan book grew 22% to Rs 42,789 crore, while assets under management were up 24% to Rs 46,858 crore.

The gross non-performing assets during April-June stood at 0.79% while the net interest margin for the quarter was at 2.78%.

The company scrip had slipped 2.23% to Rs 361.25 during afternoon trade on the BSE.