Chennai, August, 2018: DHFL, one of India’s leading housing finance company, today announced its Q1 results for the first quarter ended June 30, 2018. The company registered a net profit growth of 35% to INR 435.0 crore for the quarter ended June 30, 2018.
Assets Under Management (AUM) grew by 37% year-on-year, reaching INR 1,20,939.5 crore from INR 88,235.7 crore as on June 30, 2018.
Commenting on the company’s financial performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL said, “With the dynamic momentum of the Government’s initiatives and regulatory reforms in the affordable housing space, FY 2018-19 has begun on a promising trajectory for the industry. DHFL actively leveraged its competitive strengths and expertise in this conducive ecosystem to reinforce its leadership position in the industry. The new fiscal has commenced with renewed vigor and greater encouragement as reflected by DHFL’s healthy Q1 performance.
Owing to our unwavering commitment towards the national mission ‘Housing for All by 2022’ and active lead in expanding financial inclusion across India, DHFL has been recognized by the Government of India for recording maximum number of PMAY subsidies in the MIG category.
We are also very excited about DHFL’s partnership with USAID through a USD 10million Loan Guarantee aimed at enabling financing to healthcare providers and thus boosting the healthcare ecosystem to provide quality and affordable care.
At the organizational level, we are focused on serving our customers efficiently, expanding our loan book and benefitting our stakeholders to continue to deliver stronger performance and create higher value. We are actively progressing with several growth-oriented initiatives aimed at stimulating an equitable society with enhanced financial access.”
Performance Details for the quarter ended June 30, 2018 as compared to the corresponding quarter of the previous year: