DEWN HOUS 
By Press Release
DHFL Net Profit for 9M FY 2011-12 up by 24.33%
as compared to corresponding period previous year
Highlights for the Nine month / Quarterended December 31, 2011
Nine month ended December 2011 | Nine month ended December 2010 | Growth (%) | Quarter ended December 2011 | Quarter ended December 2010 | Growth (%) | |
Profit After Tax | 212.65 | 171.04 | 24.33 | 74.97 | 61.76 | 21.39 |
Profit Before Tax | 272.92 | 225.09 | 21.25 | 98.82 | 81.06 | 21.91 |
Total Income | 1,748.56 | 1016.61 | 72.00 | 661.89 | 386.86 | 71.09 |
Loan Disbursements | 5,972.83 | 4471.93 | 33.56 | 2,279.78 | 1527.91 | 49.21 |
Loan Sanctions | 8,380.89 | 6209.37 | 34.97 | 3,189.53 | 2,214.22 | 44.05 |
Mumbai, January 16, 2012: DHFL, India's third largest housing finance company, today announced its results for the nine months /third quarter ended December 31, 2011.
Performance Details for the Nine month period ended December 31, 2011 as compared to the corresponding year:
Þ Net profitjumped by 24.33 % to Rs. 212.65 crorefor the nine-month periodended December 31, 2011as against Rs. 171.04 crorein the corresponding previous period.
Þ Profit before taxgrew by 21.25 % to Rs. 272.92 croreduring the nine-month periodended December 31, 2011as against Rs. 225.09 crorein the corresponding previous period.
Þ Loan disbursementsgrew by 33.56 % to Rs.5,972.83 crore during the nine-month periodended December 31, 2011as against Rs. 4,471.93crore in the corresponding previous period.
Þ Loan sanctionsgrew by 34.97% to Rs.8,380.89 crore during the nine-month periodended December 31, 2011 as against Rs. 6,209.37crore in the corresponding previous period.
Þ Total Incomegrew by 72.00% to Rs. 1,748.56 crore during the nine-month periodended December 31, 2011as against Rs. 1,016.61crore in the corresponding previous period.
Þ Net NPA stood at 0.17 % as against 0.39% and Gross NPA stood at 0.89 % as against 0.99 %.
Þ The company maintained its Net Interest Margin at2.78%
Performance Details for the Quarter ended December 31, 2011 as compared to the corresponding quarter last year:
Þ Net profitjumped by 21.39%to Rs. 74.97 crorefor the quarter ended December 31, 2011 as against Rs. 61.76 crorein the corresponding quarter previous year.
Þ Profit before taxgrew by 21.91%to Rs. 98.82crore for the quarter ended December 31, 2011as against Rs. 81.06 crore in the corresponding quarter previous year.
Þ Loan disbursementsgrew by 49.21 %to Rs. 2,279.78crore during the third quarter ended December 31, 2011as against Rs. 1,527.91 crorein the corresponding quarter previous year.
Þ Loan sanctionsgrew by 44.05%to Rs.3,189.53 crore during the third quarter ended December 31, 2011 as against Rs. 2,214.22 crorein the corresponding quarter previous year.
Þ Total Incomegrew by 71.09 %toRs. 661.89 croreduring the third quarter ended December 31, 2011as against Rs. 386.86 crore in the corresponding quarter previous year.
Statement from Mr. Kapil Wadhawan, CMD, DHFL:
"DHFL has been consistent in its commitment towards the Lower and Middle Income (LMI) segment in the semi-urban and rural areas of India. The company has consistently grown its portfolio and profitability through its thorough understanding of its customer base and also through its strong credit appraisal skills that have evolved over the last 27 years of its operations."
"The company has a robust growth plan in terms of improving its network through its own branches and alliances across the country and has achieved a housing loan portfolio of Rs. 25,224crore as on December 31st, 2011."
Key Business Highlights:
Þ DHFL Express - Home Loanson Wheels, a campaign launched by DHFL, to reach out to its customers in the interiors of the country and educate them on 'housing and finance'covered Karnataka, Kerala, Rajasthan, Punjab, Uttarakhand, Uttar Pradesh and Maharashtra.
Þ As on December 31, 2011, DHFLGroup operates across 437 locationsin India.
Accolades
Þ DHFL was the recipient of the 'India Power Brand'Award for the second consecutive year.
CSR Initiative:
Þ DHFL partnered with AIESEC Mumbai's Balakalakaarwhichscouted talents amongst 1000 underprivileged children across 10 BMC Schools (E Ward) in Mumbai and selected 100 students and gave them an opportunity to showcase their skills at the 'AIESEC Mumbai Balakalakaar 2011 Finale' on December 10, 2011 at the Karnataka Sangha Hall in Matunga, Mumbai. Additionally, these 100 students won Vocational Scholarships supported by DHFL to give them a fully funded admission to a Vocational Course of their choice, at the Jan ShikshanShramikVidyapeeth.
About DHFL
Dewan Housing Finance Corporation Limited (DHFL) was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segment of the society. Today, DHFL is the third largest housing finance company in India with a network across 437 locations. The company's representative offices in Dubai and London assist Non-Resident Indians (NRI) to access housing finance for the purchase of residential properties in India.
Script name DEWANHOUS
NSE code- INE202B01012 / BSE code- 511072
For further information, please contact:
Manish Joshi VP & Head Communications, Wadhawan Group 09967002938/ 09967664664 | Siddhi Lad Sr.Manager Communications, Wadhawan Group 09987596040/ 09821354619 | Kenneth Peter Manager Communications, Wadhawan Group 09811689565 | Apnavi Yadav Media Executive, Wadhawan Group 09004025370 |
Amount in Rupees Crore |
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| Documents associés | |
| DHFL Net Profit for 9M FY 2011-12 up by 24.33% as compared to corresponding period previous year |
