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Dewan Housing Finance Corporation Ltd (DHFL) released their financial report with a net profit for the July-September quarter at Rs 439 crores, as against a net profit of Rs 288 crores in the corresponding quarter of previous year.
Also, the DHFL revenue from operations increased to Rs 3,516 crores, whereas in the same period last year it was reported at Rs 2,628 crores.
The issue of non-convertible secured/unsecured redeemable debentures for up to Rs 10,000 crore, and non-convertible perpetual unsecured debentures, up to Rs 1000 crore were also approved by the company. DHFL recently repaid commercial paper worth Rs 1,775 crore.
DHFL also announced that they are currently in process of raising much more resources to increase the liquidity level so that the company continues to remain well-equipped to meet all the financial obligations.
