DHFL Q4 net rises 17 per cent to Rs 189 cr

Dewan Housing Finance Corporation Ltd (DHFL) on Wednesday reported a 16.7 per cent rise in its standalone net profit to Rs 189.66 crore for fourth quarter ended March 2016.

According to a PTI report, company’s net profit in the corresponding January-March quarter of 2014-15 stood at Rs 162.28 crore.

Total income (standalone) has increased to Rs 1,964.49 crore as of March 2016, as against Rs 1,580.81 crore in the year-ago period, the company said in a regulatory filing.

On consolidated basis, the full-year net profit rose by 16.6 per cent to Rs 749.30 crore as against Rs 642.47 crore in the previous fiscal, it added.

The report said consolidated income in 2015-16 rose to Rs 7,851.60 crore as against Rs 6,419.61 crore.

The company said the board of directors of DHFL has recommended a final dividend of Rs 2 per equity share for 2015-16.

“The total dividend for this financial year including the interim dividend is Rs 8 per equity share as against Rs 6 per equity share for the previous year”, it added.