Private sector housing finance company Dewan Housing Finance Corporation (DHFL) is hopeful of posting a 25-30% growth in home loan disbursements in the current fiscal despite sticky real estate market. The company's loans grew 28.06% to Rs 2,138.6 crore in the September quarter, up from Rs 1,670 crore in the year-ago period. Similarly, sanctions rose 39.86% to Rs 3,112 crore in this period, against Rs 2,225 crore compared to the previous year. The firm was not facing any rise in delinquencies despite repeated rate hikes. It don't see any pressure on the loan book as of now and are hopeful of closing this year with a gross non-performing assets below 1%. Most of the rising costs had been passed on to the end-users. The company is also planning to raise around Rs 500 crore of capital to support its future business growth that may be a QIP or a rights issue among others. DHFL posted 23% drop in its net profit to Rs 71.89 crore in the second quarter of current fiscal, compared to Rs 93.47 crore in the same period last year. However, its total income grew 78% to Rs 588.97 crore in Q2 compared to Rs 330.85 crore in the corresponding period last year.
