DHFL Q2 profit rises

DHFL Q2 profit rises
18/10/2016 , by , in ALLIED

Mortgage firm Dewan Housing Finance Corporation (DHFL) today reported 28.8 per cent jump in net profit at Rs 232.61 crore for the quarter ended September 30.

Its total income rose by 19.66 per cent to Rs 2,167.72 crore as against Rs 1,811.63 crore, DHFL said in a statement.

“We are positive that the decision of RBI to cut rates coupled with a strong demand for affordable housing will enable us to deploy more capital thereby boosting growth in the coming quarters.” DHFL Chairman and Managing Director Kapil Wadhawan said.

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