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Dewan Housing Finance reports 25% rise in Q3 net profit

23 Jan 2018 Evaluate

Dewan Housing Finance Corporation has reported results for third quarter ended December 31, 2017.

The company has reported a rise of 24.99% in its net profit at Rs 305.95 crore for the quarter under review as compared to net profit of Rs 244.77 crore for the same quarter in the previous year. Total income from operation of the company increased by 11.50% at Rs 2634.24 crore for Q3FY18 as compared Rs 2362.59 crore for the corresponding quarter previous year.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

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