FY16 NetProfit

DHFL H1FY16 Net Profit up by 18.14%

October 20, 2015
DHFL, one of India's leading housing finance companies in the private sector announced a net profit growth of 18.14% in the first half of the 2015-16 financial year ending September 30, 2015 in comparison to the corresponding period of the previous financial year.

Assets Under Management (AUM) grew by 27.31% year-on-year, reaching close to ` 63,000 crore from ` 50,000 crore as on September 30, 2014.

Performance Details for the quarter ended September 30, 2015 as compared to the corresponding period of the previous year:
  • Net profit increased by 18.51% to 180.36 crore for the quarter ended September 30, 2015 as against
    ` 152.19 crore in the corresponding quarter of the previous year.
  • Profit before tax rose by 21.65 % to ` 277.33 crore for the quarter ended September 30, 2015 as against
    ` 227.97 crore in the corresponding quarter of the previous year.
  • Loan Book Outstanding grew 25.86% to ` 56,312 crore during the quarter ended September 30, 2015 as against ` 44,742 crore in the corresponding quarter of the previous year.
  • Loan disbursements and sanctions were ` 5014 crore and ` 7668 crore, respectively for the quarter ended September 30, 2015, showing an increase of 17.75% and 25.18% respectively, over the corresponding period of the previous year.
  • Total Income is up by 25.09% to ` 1811.63 crore during the quarter ended September 30, 2015 as against
    ` 1,448.32 crore in the corresponding quarter of the previous year.
  • Gross NPA stood at 0.81% amounting to ` 454.39 Cr
  • Net Interest Margin stood at 2.89%

Commenting on the performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL said, "Our positive H1 results can be attributed to DHFL's concerted focus on providing affordable housing finance to the low and middle income customer segment in the tier 2 and 3 towns".
The company has recorded a robust growth in AUM and net profit due to the right product mix and attractive interest rates starting at 9.55% which is a festive offering that would further enable every Indian to own a home.

He further added, "This quarter performance has once again demonstrated that the company is on a sustained growth path. We are positive that the decision of RBI to cut rates coupled with a strong demand for affordable housing will enable us to deploy more capital thereby boosting growth in the coming quarters."
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