ADVERTISEMENT
Dewan Housing Finance Reports In-Line Profit in First Quarter
Dewan Housing Finance Corp. Ltd., saw a robust X percent growth year-on year.
20 Jul 2016, 03:26 PM IST 
A Metro train passes in front of new apartments in Dwarka, New Delhi, India (Photographer: Amit Bhargava/Bloomberg News)
Mortgage lender Dewan Housing Finance Corp. Ltd. saw a sturdy 16.2 percent jump in profit in the April to June quarter, compared to the same quarter last year, in line with analyst estimates. The net interest income rose 15 percent year-on-year.
Key Highlights
- Net interest income saw a year-on-year growth of 15.5 percent to Rs 482.9 crore from Rs 418 crore.
- Net profit rose 16.2 percent year-on-year to Rs 201.4 crore, versus Bloomberg consensus estimate of Rs 200.7 crore.
- Revenue saw a 18.5 percent jump to Rs 350.2 crore versus Rs 294.39 crore year-on-year.
- The number of home loans sanctioned jumped 12 percent on a year-on-year basis.
Following the results, shares of DHFL were trading 0.9 percent higher at Rs 218.4 on the Bombay Stock Exchange.