DHFL, India's second largest housing finance company in the private sector, today announced a net profit growth of 17.54% for the 9 month period ending December 31, 2015 in comparison to the corresponding period of the previous financial year.
Assets Under Management (AUM)
grew by 23.48% year-on-year, reaching `
65962 crore from `
52,637 crore as on December 31, 2014.
Performance Details for the quarter ended December 31, 2015 as compared to the corresponding period of the previous year:
Commenting on the performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL
- Net profit increased by 16.43 % to 185.90 crore for the quarter ended December 31, 2015 as against ` 160 crore in the corresponding quarter of the previous year.
- Profit before tax rose by 16.12 % to ` 280.45 crore for the quarter ended December 31, 2015 as against
` 242 crore in the corresponding quarter of the previous year.
- Loan Book Outstanding grew 23.48 % to ` 58991.81 crore during the quarter ended December 31,2015 as against ` 47,776 crore in the corresponding quarter of the previous year.
- Loan disbursements and sanctions were ` 6428.37 crore and ` 9307.75 crore, respectively for the quarter ended December 31, 2015, showing an increase of 30.57% and 31.62% respectively, over the corresponding period of the previous year.
- Total Income is up by 23.63% to ` 1885.33 crore during the quarter ended December 31, 2015 as against
` 1,524.92 crore in the corresponding quarter of the previous year.
- Gross NPA stood at 0.84 % amounting to ` 495.58 Cr.
- Net Interest Margin stood at 2.87%.
said, "The Company retains its three decade old focus on enabling convenient and affordable financial access for every Indian to own a home of his own, through its wide network presence and product innovations.
We have registered a robust demand for home loans in the quarter ended December 31, 2015 as we continue to execute our proven business model of delivering value to customers, combined with affordable rates and world-class service deliverance which is further helping us to bring about consistent top and bottom line growth."
He further added, "The Governments decision to implement the recommendations of the 7th pay commission, initiate housing for all by 2022, build smart cities and relax the foreign direct investment norms in real estate will provide impetus to the housing finance sector.
We look forward to further strengthening our leadership by steady disbursement in the last quarter of FY16."