Q4FY17 Results : DHFL
Nidhi Jani / 03 May 2017
DHFL's NII for the quarter increased 11.8 per cent QoQ to Rs. 627.9 crore.
Dewan Housing Finance Corp. Ltd. (DHFL) posted its Q4FY17 results on Wednesday.
DHFL's NII for the quarter increased 11.8 per cent QoQ to Rs. 627.9 crore.
Its net profit for the quarter declined 44.8 per cent QoQ to Rs.135.2 crore.
For FY17, the company's NII increased to Rs. 2198.2 crore from Rs. 1805.1 crore in FY16.
The company's board of directors has recommended a final dividend of Rs. 3 per equity share of face value of Rs. 10 each for FY16-17.
The company’s stock opened at Rs. 451 and touched an intra-day low of Rs. 441.05 on BSE.
Dewan Housing Finance Limited is an Indian housing finance company. Its business objective is to provide access to housing finance or loans to lower and middle income people. The products and services of the company include home loans (home loans, home improvement loans, home extension loans, home loans for the self-employed, home loans for NRI, plot loans and corporate services), special loans (mortgage loan and non-residential property), home loan-linked insurance and fixed deposits.
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