DHFL Net Profit up by 17.37% YOY. Assets Under Management is at Rs. 69,524 cr.
FY16 Highlights
* Net profit increased by 17.37 % to Rs 729.20 crore for the year ended March 31, 2016
* Profit before tax rose by 16.88% to Rs 1,102.19 crore for the year ended March 31, 2016
* Total income rose by 22.32 % to Rs 7,316.72 crore for the year ended March 31, 2016
* Loan Book Outstanding grew 21.03 % to Rs 61,775.02 crore YOY for the year ended March 31, 2015
* Gross NPA stood at 0.93 % amounting to Rs 573.06 crore
* Net Interest Margin stood at 2.96%
Chennai, May 4, 2016: DHFL, one of India’s leading housing finance company in the private sector, today announced its annual results for the year ended March 31, 2016. The company registered a net profit growth of 17.37% to Rs 729.20 crore for the year ended March 31, 2016.
Assets Under Management (AUM) grew by 22.22% year-on-year, reaching Rs 69,523.90 crore from Rs 56,884.41 crore as on March 31, 2015.
Commenting on the company’s financial performance, Mr Kapil Wadhawan, Chairman and Managing Director, DHFL said, ”DHFL continues to witness a robust financial performance in FY16 on the back of buoyant demand for home loans from the affordable segment, a segment we have been serving for over three decades as part of our vision to enable every Indian to own a home of his own.This has been made possible further with our relentless focus on customer centric products and service innovations aimed at driving customer satisfaction, profitability and sustainability”
He further added,” Broad policy initiatives by the Government to boost the SME and infrastructure sector together with the increase in rural income and demand also had a direct impact on our home loan and SME lending business. We are quite positive that this year will be significantly better for the housing finance and real estate sector in terms of demand and investment driven by increased infrastructure spending and encouraging policy initiatives. The focus on the tier 2 and 3 towns will remain at the core of our strategy.”
Performance Details for the year ended March 31, 2016 as compared to the corresponding period of the previous year:
* Net profit increased by 17.37 % to 729.20 crore for the year ended March 31, 2016 as against Rs. 621.29 crore in FY15
* Profit before tax rose by 16.88 % to Rs. 1,102.19 crore for the year ended March 31, 2016 as against Rs. 943.04 crore in FY15
* Loan Book Outstanding grew 21.03% to Rs. 61,775.02 crore for the year ended March 31, 2016 as against Rs. 51,039.65 crore in FY15
* Total Income up by 22.32% to Rs. 7,316.72 crore for the year ended March 31, 2016 as against Rs. 5,981.64 crore in FY15
* Gross NPA stood at 0.93 % amounting to Rs 573.06 crore
* Net Interest Margin stood at 2.96 %
Performance Details for the quarter ended March 31, 2016 as compared to the corresponding period of the previous year:
* Net profit increased by 16.86 % to 189.65 crore for the year quarter ended March 31, 2016 as against Rs 162.28 crore in the corresponding quarter of the previous year
* Profit before tax rose by 12.73 % to Rs 283.05 crore for the quarter ended March 31, 2016 as against Rs 251.08 crore in the corresponding quarter of the previous year
* Loan book outstanding grew 21.03 % to Rs. 61,775.02 crore during the quarter ended March 31, 2016 as against Rs 51,039.65 crore in the corresponding quarter of the previous year
* Loan disbursements and sanctions were Rs 7,821.61 crore and Rs 12,774.52 crore, respectively for the quarter ended March 31, 2016, showing an increase of 24.32% and 36.09% respectively, over the corresponding period of the previous year
* Total Income was up by 24.27% to Rs. 1,966.57 crore during the quarter ended March 31, 2016 as against Rs 1,582.48 crore in the corresponding quarter of the previous year
* Gross NPA stood at 0.93 % amounting to Rs 573.06 crore
DHFL offers a range of home loan products including home loan, home extension loan, home improvement loan, plot loans, mortgage loan, project loan, SME Loan and non-residential property loan to all customer segments across India, retaining its concerted focus on the low and middle income segment.
The Company’s average loan ticket size at the portfolio level stands at Rs 12.40 lakhs. It also offers project loans essentially for development of low and middle income housing projects. This is besides the value-added and customized insurance solutions, along with its home loan products.
The company offers an array of Fixed Deposit Products for public including individuals and trust investors that ensures high yield, safety and liquidity. DHFL Fixed Deposit Products for individual investors come with free accidental insurance cover of Rs. 1 Lakh. Company Fixed Deposit Products are rated CARE AAA and BWR (FAAA) ensuring high safety.
