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DHFL reports 86% fall in Q4 net profit

30 Apr 2018 Evaluate

Dewan Housing Finance Corporation (DHFL) has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a fall of 85.91% in its net profit after tax at Rs 312.40 crore for the quarter ended March 31, 2018, as compared to Rs 2,217.68 crore for the same quarter in the previous year. However, total income from operations of the company increased by 18.10% at Rs 2,808.17 crore for the quarter under review as compared Rs 2,377.70 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a fall of 59.53% in its net profit after tax at Rs 1,172.13 crore as compared to Rs 2,896.45 crore for the same period in the previous year. However, total income from operations of the company increased 18.15% at Rs 10,464.45 crore for year under review as compared to Rs 8,857.23 crore for the period ended March 31, 2017.

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