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DHFL Q3 Net Profit up 21.70pc

Posted on Jan 30, 07:39PM | IBNS

Mumbai, Jan 30 : DHFL, India's second largest private sector housing finance company, on Wednesday announced its results for the third quarter and nine-month ended December 31, 2012. Performance Details for the Quarter ended December 31, 2012 as compared to the corresponding quarter last year: Net profit jumped by 21.70pc to Rs. 91.24 crore for the quarter ended December 31, 2012 as against Rs. 74.97 crore in the corresponding quarter previous year.

Profit before tax grew by 25.27 pc to Rs. 123.79 crore for the quarter ended December 31, 2012 as against Rs. 98.82 crore in the corresponding quarter previous year.

Loan sanctions grew by 22.97pc to Rs. 3,922.13 crore during the third quarter ended December 31, 2012 as against Rs. 3,189.53 crore in the corresponding quarter previous year.

Loan disbursements grew by 30.86pc to Rs. 2,983.33 crore during the third quarter ended December 31, 2012 as against Rs. 2,279.78 crore in the corresponding quarter previous year.

Total Income grew by 27.01pc to Rs. 840.64 crore during the third quarter ended December 31, 2012 as against Rs. 661.89 crore in the corresponding quarter previous year.

Performance Details for the Nine month period ended December 31, 2011 as compared to the corresponding year:

Net profit jumped by 19.88pc to Rs. 254.92 crore for the nine-month period ended December 31, 2012 as against Rs. 212.65 crore in the corresponding previous period.

Profit before tax grew by 26.95 pc to Rs. 346.47 crore during the nine-month period ended December 31, 2012 as against Rs. 272.92 crore in the corresponding previous period

Loan sanctions grew by 26.51pc to Rs. 10,602.66 crore during the nine-month period ended December 31, 2012 as against Rs. 8,380.89 crore in the corresponding previous period.

Loan disbursements grew by 35.72 pc to Rs. 8,106.41 crore during the nine-month period ended December 31, 2012 as against Rs. 5,972.83 crore in the corresponding previous period.

Total Income grew by 37.11 pc to Rs. 2,397.41 crore during the nine-month period ended December 31, 2012 as against Rs. 1,748.56 crore in the corresponding previous period.

Net NPA stood at NIL as against 0.17 pc and Gross NPA stood at 0.73 pc as against 0.89 pc .

The company maintained its Net Interest Margin at 2.87 pc


Kapil Wadhawan, CMD, DHFL, said: "DHFL has been growing at over 40pc CAGR for over the last four years consistently. The company has disbursed over 8,106 crore in the first three quarters of FY2012-13 and has shown a PAT of 255 crore.

"This growth is largely because of DHFL's continuous focus on the affordable housing segment in the Tier-II and Tier-III markets across India."