FY16 NetProfit

DHFL Q1 FY16 Net Profit up by 17.76 % at INR 173.28 crores

July 23, 2015
DHFL, one of India’s leading housing finance companies in the private sector announced its results for the first quarter ended June 30, 2015. On enhanced loan book size, DHFL reported a healthy net profit which grew by 17.76% to INR 173.28 crore as on June 30, 2015 as compared to INR 147.15 crore as on June 30, 2014.

Performance Details for the first quarter ended June 30, 2015:
  • Net Profit increased by 18% to ` 173.28 crore for the quarter ended June 30, 2015 as against ` 147.15 crore in the corresponding quarter of the previous year.
  • Profit before tax increased by 17% to ` 261.35 crore for the quarter ended June 30, 2015 as against
    ` 222.46 crore in the corresponding quarter of the previous year.
  • Loan Book Outstanding grew 26% to ` 53,795.70 crore for the quarter ended June 30, 2015 as against
    ` 42,789.70 crore in the corresponding quarter of the previous year.
  • Loan disbursements and sanctions were ` 4,938.42 crore and ` 7,857.98 crore respectively for the first quarter ended June 30, 2015
  • Total Income up by 16% to ` 1,653.19 crore during the first quarter ended June 30, 2015 as against as
    ` 1,425.92 crore in the corresponding quarter of the previous year .
  • Gross NPA stood at 0.80%
  • Net Interest Margin stood at 2.96%

Commenting on the performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL said, “The first quarter of the financial year 2015 has begun on a positive note for us. There are multiple factors that have contributed to the company’s robust growth and stability including increased focus towards innovative product offerings and services to customers. The importance of the housing for all scheme coupled with our efforts to add value to affordable housing and the financial literacy program at the bottom of the pyramid has contributed to the top-line growth of the company.

The Company will continue its focus of enabling convenient and efficient financial access to every Indian to own a home of his own.’’
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