DHFL - Dewan Housing Finance net profit up to Rs 67 crore

One of the India's leading Housing Finance company, Dewan Housing Finance Corporation (DHFL) has posted a 28 per cent jump in net profit at Rs 66.78 crore for the first quarter ended June 30, 2011. DHFL had a net profit of Rs 51.24 crore for the corresponding quarter of the last fiscal, the housing finance firm said in a statement.
The total income of the DHFL during the period increased by 66.5 per cent at Rs 497.70 crore compared to Rs 298.90 crore during the year-ago period.
Loan disbursements during the quarter grew by 22 per cent to Rs 1,554.41 crore as against Rs 1,274.05 crore in the corresponding quarter previous year.
Loan sanctions rose by 17.44 per cent to Rs 2,078.57 crore as compared to Rs 1,769.95 crore in the April-June period last year.
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