Dewan Housing Finance Corporation (DHFL), one of the India’s leading private sector housing finance company has hiked its retail prime lending rate (RPLR) by 25 basis points to 17.75%. The company has revised RPLR, below which it does not lend, stands at 17.75%. The mortgage lender has raised the RPLR in the wake of a hike in the reverse repo and repo rates by the Reserve Bank of India (RBI) recently.
As of March 31, 2011, the company had a loan portfolio of Rs 14,111.27 crore. The move follows similar rate hike announcements by Corporation Bank, ING Vysya Bank and IndusInd Bank after the Reserve Bank tightened key rates by 25 basis points in its June 16 mid-quarter policy announcement.
The company’s net profit for the fourth quarter has jumped 40.48% at Rs 58.65 crore as compared to Rs 41.75 crore for the corresponding quarter previous year. Its net sales/income from operations has increased 59.86% at Rs 434.63 crore for the quarter under review from Rs 271.88 crore in the corresponding previous quarter.
The company has registered a rise of 75.94% in its net profit for the year under review at Rs 265.13 crore as compared to Rs 150.69 crore for the last year. Its net sales/income from operations has increased by 46.21% at Rs 1451.24 crore for the year from Rs 992.55 crore in previous year.
Company Name | CMP |
---|---|
LIC Housing Finance | 653.65 |
Indiabulls Housing | 168.00 |
Housing & Urban Dev. | 219.60 |
PNB Housing Finance | 795.35 |
Can Fin Homes | 768.40 |
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