New Delhi, Jan 25 (UNI) DHFL, one of India’s leading housing finance company, on Friday announced a net profit growth of 7.4 per cent to Rs 1,187.4 crore for the nine months ended December 31, 2018.
Assets Under Management (AUM) grew by 25 per cent year-on-year, reaching Rs 1,26,725 crore from Rs 1,01,351 crore as on December 31, 2018.
Commenting on the company’s financial performance in the quarter, DHFL Chairman and Managing Director Kapil Wadhawan said, ?DHFL’s heritage, robust business fundamentals and a legacy of goodwill continue to be our guiding force towards our vision of enabling home ownership dreams.
”Our cumulative efforts over the last few years, have enabled DHFL to maintain strong positions on credit quality, high ratings and a healthy asset-liability balance. We have also successfully implemented securitization of our portfolio that reflects the strength and depth of our asset quality. While the financial services sector is gaining back momentum, over the past few months DHFL has been agile and promptly responded taking immediate steps towards mitigating market concerns that have been witnessed by the industry as a whole. We are optimistic of future progress, as we continue to drive several growth-oriented initiatives aimed at widening financial inclusion across the country.?
Performance Details for the nine months ended December 31, 2018 as compared to the corresponding Nine months of the previous year:
Total Income rose by 12.4 per cent to Rs 3,255.9 crore during the quarter ended December 31, 2018 as against Rs 2,896.6 crore in the corresponding quarter of the previous year, according to a company statement here.
