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Dewan Housing Finance Limited or DHFL, one of the largest mortgage lender in India, reported their quarterly financial report for the June-end quarter of the current fiscal year with a net profit of Rs. 435.02 crores posting a 35% incline in profit levels as compared to Rs. 322.4 crores in the corresponding quarter of the previous year.
Total revenue of the company was recorded at Rs. 3156.1 crores whereas the total revenue for the first quarter of the previous fiscal year was recorded at Rs. 2497.1 crores, posting a growth rate of 26%.
Profit After Tax (PAT) stood at Rs. 638.2 crores, showing a rise of 43% in comparison to Rs. 445.7 crores in the Q1 FY18. The loan book outstanding rose by 33% to Rs.1,00,980.5 crores during the quarter under review. Loan disbursement grew by 65% to Rs. 13582.9 crores in the June-end quarter of the current fiscal year.
Asset Under Management (AMU) rose by 37% year-on-year basis to Rs. 1,20,939.5 crores as against 88.235.7 crores. Gross NPA (Non-performing Assets) stood at 0.93%, meanwhile, Net Interest Margin (NII) was reported at 3.44%.
