Business Standard

DHFL Q1 net up 43% to Rs 14cr

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BS Reporter Mumbai
Dewan Housing Finance Corporation (DHFL) has registered a 43% rise in net profit for the first quarter of the current financial year at Rs 14.17 crore as compared to the level in the corresponding quarter of last fiscal. The income from operations rose 66% at 108.55 crore as compared to Rs 65.25 crore in April-June last year. Total income rose by 66% to Rs 108.67 as compared to Rs 65.46. Loan disbursements amounted to Rs 409.4 crore as against Rs 287.92 crore during corresponding quarter of the previous fiscal, an increase of 42.19%.

The loan portfolio grew by 45.40% for Q1FY08 at Rs 3591.31 crore, vis-a-vis the corresponding quarter in the previous fiscal. Total assets stood at Rs 3885.02 crore as on June 30, 2007. The ratio of loans disbursed to loans sanctioned for the quarter stood at 89.47%.

Kapil Wadhawan, vice chairman & MD, DHFL, said: "We will target atleast 25 to 30% CAGR y-o-y in the next five years. We will focus on consistent growth in portfolio and profitability. DHFL will maintain its commitment to the low & middle income (LMI) segment in urban and semi-urban India.


 
 

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First Published: Jul 23 2007 | 4:09 PM IST

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