Dewan Housing Finance (DHFL) today reported a 51.67 per cent rise in net profit at Rs 138.39 crore for the December quarter on higher loan disbursements.
The company's net profit in the corresponding period last year stood at Rs 91.24 crore.
The total income for the reporting quarter stood at Rs 1,301.37 crore, up 54.77 per cent from Rs 840.80 crore in the same period last fiscal.
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DHFL had disbursed Rs 4,030.23 crore loan during the quarter against Rs 2,983.33 crore last fiscal.
However, gross non-performing assets (NPA) rose to 0.90 per cent from 0.73 per cent.
"This quarter marked DHFL receiving regulatory approvals for its life insurance foray through a joint venture agreement with Prudential Financial. This will help us expand the range of financial services offerings," DHFL Chairman and Managing Director Kapil Wadhawan said.
