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DHFL reports 37% fall in Q3 net profit

25 Jan 2019 Evaluate

Dewan Housing Finance Corporation (DHFL) has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 36.70% in its net profit at Rs 313.60 crore for the quarter under review as compared to Rs 495.44 crore for the same quarter in the previous year. However, total income of the company increased by 12.40% at Rs 3,255.89 crore for Q3FY19 as compared Rs 2,896.62 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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