DHFL Q4 Net Profit up by 26% at INR 312.4 Crore

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Pune, April 30, 2018: DHFL, one of India’s leading housing finance company, today announced its annual results for the year ended March 31, 2018. The company registered a net profit growth of 26 % to Rs 1,172.1 crore for the year ended March 31, 2018.

Assets Under Management (AUM) grew by 33% year-on-year, reaching Rs 111,086 crore from Rs 83,560 crore as on March 31, 2018.

Commenting on the company’s financial performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL said, “DHFL has registered robust business growth in the fourth quarter as we continue to take several proactive steps towards the fulfillment of DHFL’s mission to enable homeownership. On an overall basis FY 2017 -18 has been encouraging for the housing finance sector which witnessed several growth oriented initiatives and industry defining policy measures undertaken by the government.

DHFL’s focus is towards maintaining its leadership in an exciting landscape, leveraging its competitive strengths and expanding customer outreach strategies in Tier 2 /3 towns through unique initiatives like the Griha Utsav exhibitions. With the team’s unwavering commitment we are confident of reporting a stronger performance.

On the portfolio diversification side, DHFL has for the first time successfully raised USD 150 million by issuing masala bonds on the London Stock Exchange, making it’s debut listing in the international market. This provides greater impetus to our growth strategy, while allowing international investors to participate in the high potential affordable housing story in India.

DHFL’s mission is to engender socio-economic change across India. Supported by our strategic expansion initiatives, DHFL is taking committed steps in expanding financial literacy actively across India, which is key to India achieving its mission of Housing For All by 2022.”

Performance Details for the year ended March 31, 2018 as compared to the corresponding period of the previous year

  • Net profit increased by 26% to Rs. 1,172.1 crore for the year ended March 31, 2018 as against Rs. 927.0 crore in FY17
  • Profit before tax rose by 25 % to Rs. 1,756.6 crore for the year ended March 31, 2018 as against Rs. 1,402.4 crore in FY17
  • Loan Book Outstanding grew 28% to Rs. 91,932 crore for the year ended March 31, 2018 as against Rs. 72,096 crore in FY17
  • Total Income up by 18 % to Rs 10,464.5 crore for the year ended March 31, 2018 as against Rs. 8,857.2 crore in FY17

· The Board of Directors, have recommended final dividend of Rs. 2.50 per equity share to the equity shareholders, total dividend (including interim dividend) Rs. 5.50 per equity share (Previous Year: Rs. 4.00 per share)

  • Gross NPA stood at 0.96%
  • Net Interest Margin stood at 3.04%

Performance Details for the quarter ended March 31, 2018 as compared to the corresponding period of the previous year:

  • Net profit increased by 26% to 312.4 crore for the quarter ended March 31, 2018 as against Rs 248.2 crore in the corresponding quarter of the previous year
  • Profit before tax rose by 28 % to Rs 479.9 crore for the quarter ended March 31, 2018 as against Rs 375.6 crore in the corresponding quarter of the previous year
  • Loan book outstanding grew 28 % to Rs. 91,932 crore during the quarter ended March 31, 2018 as against Rs 72,096 crore in the corresponding quarter of the previous year
  • Loan disbursements were Rs 15,768 crore for the quarter ended March 31, 2018, showing an increase of 81% over the corresponding period of the previous year
  • Total Income was up by 18% to Rs. 2,808.2 crore during the quarter ended March 31, 2018 as against Rs 2,377.7 crore in the corresponding quarter of the previous year
  • Gross NPA stood at 0.96 % .
  • Net Interest Margin stood at 3.03%.

DHFL holds leadership position in the affordable housing sector with majority of its home loan portfolio catering to the Lower and Middle Income (LMI) segment. DHFL’s average loan ticket size at the portfolio level stands at Rs. 15.2 lakhs. DHFL’s robust performance continues to be driven by its’s strong focus on the LMI segment in Tier 2 and 3 markets. The company 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.