On Wednesday, DHFL has reported a 16.2% increase in the net profit to Rs 201.4 crore for the first quarter ended June 30.

A net profit of Rs 173.2 crore had been posted by the company in the same quarter of last financial year.

Loan book outstanding increased 18.325 to Rs 63,646.6 crore during the quarter as compared to Rs 53, 795.7 crore in the same quarter of previous year.

Kapil Wadhawan, DHFL Chairman and Managing Director has said that “The importance of Housing for All and Smart Cities initiatives by the government coupled with our efforts to add value to the affordable housing segment and the financial literacy program at the bottom of the pyramid has contributed to the top line growth of the company.”

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