{"id":6322,"date":"2017-07-22T14:43:58","date_gmt":"2017-07-22T14:43:58","guid":{"rendered":"http:\/\/faceinews.com\/?p=6322"},"modified":"2017-07-22T14:44:16","modified_gmt":"2017-07-22T14:44:16","slug":"6322","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=6322","title":{"rendered":"DHFL Q1 FY18 Net Profit up by 29% at INR 260 Crore"},"content":{"rendered":"

\"DHFL<\/a><\/strong>Highlights for Q1 FY18 ended June 30, 2017 on YOY basis<\/strong>
\nNet profit increased by 29% to Rs 260 crore for the quarter ended June 30, 2017 <\/strong>
\nProfit before tax rose by 26% to Rs 381 crore for the quarter ended June 30, 2017<\/strong>
\nTotal income rose by 23% to Rs 2,408 crore for the quarter ended June 30, 2017<\/strong>
\nLoan Book Outstanding grew 20% to Rs 76,225 crore for the quarter ended June 30, 2017<\/strong>
\nAsset Under Management (AUM) grew 23% to 88,236 crore for the quarter ended June 30, 2017<\/strong>
\nGross NPA stood at 0.97% <\/strong>
\nNet Interest Margin stood at 3.05 %<\/strong><\/p>\n

 <\/p>\n

\"????????????????????????????????????\"<\/p>\n

Mumbai \/ Chennai, July 21, 2017: DHFL, one of India\u2019s leading housing finance company, today announced its results for the first quarter ended June 30, 2017. The company registered a net profit growth of 29% to Rs 260 crore for the quarter ended June 30, 2017.<\/p>\n

Assets under Management (AUM) grew by 23% quarter-on-quarter, reaching Rs 88,236 crore from Rs 72,012 crore as on June 30, 2017.
\nCommenting on the company\u2019s financial performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL<\/strong> said, \u201cDHFL has demonstrated strong performance and achieved several important growth oriented milestones in the first quarter of the new fiscal. The Government\u2019s reform momentum continued this quarter as we witnessed some major initiatives with the introduction of new regime in the form of RERA, and reduction of LTV ratios. Given this landscape, DHFL has registered a steady growth of AUM reflecting the success of our growth strategies, business model and our commitment to the larger goal of enabling home ownership across India, all of which also encourages us to maintain the momentum to achieve our targets for FY18\u201d.
\nHe further added, \u201cWith the introduction of new policies by the government, the housing finance sector is poised for significant growth. DHFL has always been steadfast to its singular vision of financial inclusion across India and are continuing to adopt strategies to reach out to customers in semi urban and tier2 and 3 towns and help not only fulfill their dreams of home ownership but empower the family take a step towards a secured future.\u201d
\nPerformance Details for the quarter ended June 30, 2017 as compared to the corresponding quarter of the previous year:
\nNet profit increased by 29% to 260 crore for the quarter ended June 30, 2017 as against Rs 201 crore in the corresponding quarter of the previous year
\nProfit before tax rose by 26% to Rs 381 crore for the quarter ended June 30, 2017 as against Rs 303 crore in the corresponding quarter of the previous year
\nLoan book outstanding grew 20% to Rs. 76,225 crore during the quarter ended June 30, 2017 as against Rs 63,647 crore in the corresponding quarter of the previous year
\nLoan disbursements and sanctions were Rs 8,237 crore and Rs 10,863 crore, respectively for the quarter ended June 30, 2017, showing an increase of 33% and 23% respectively, over the corresponding period of the previous year
\nTotal Income was up by 23% to Rs. 2,408 crore during the quarter ended June 30, 2017 as against Rs 1,956 crore in the corresponding quarter of the previous year
\nGross NPA stood at 0.97% amounting to Rs 737 crore
\nNet Interest Margin stood at 3.05%<\/p>\n

DHFL\u2019s average loan ticket size at the portfolio level stands at Rs 14.3 lakhs. 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.
\nFuture of Housing Finance \u2013 Outlook
\nThe housing sector has witnessed significant growth in the past one decade on the back of economic reforms, growing acceptability of home finance and stronger market penetration of housing finance companies in various micro markets.
\nThe most recent GST implementation undertaken by the Indian government will be positive for India in the long term, as it will lead to higher gross domestic product (GDP) growth and increased tax revenues. Over the medium term, the GST is likely to contribute to productivity gains and higher GDP growth by improving the ease of doing business, unifying the national market and enhancing India’s attractiveness as a foreign investment destination. GST will also support higher government revenue generation through improved tax compliance and administration, both of which will be positive for India’s credit profile.
\nThe announcements made earlier by the Prime Minister under Pradhan Mantri Awas Yojna for Economically Weaker section (EWS) and Low Income Group (LIG) to boost mass housing in peripheral areas with attractive interest subventions have provided great impetus to the affordable housing industry also acknowledging the potential of the segment at the bottom of the pyramid, where growth and potential exists.
\nThe Government\u2019s initiatives have been a timely acknowledgment of the inherent industry potential as well as strong steps to achieve its \u2018Housing For All\u2019 objective. This, together with the Credit Guarantee for SMEs will enable small business owners and the middle class salaried customer to make better progress in their businesses, take a step towards higher aspirations and seek to move into their own houses
\nThe implementation of the Real Estate (Regulation & Development) Act (RERA) by the Union Government on May 1, 2017 is another very significant initiative that reflects the government\u2019s steadfast commitment to bring greater momentum to India\u2019s real estate industry which contributes very significantly to India\u2019s GDP and is the growth engine for India\u2019s economic development. With its implementation, India undertakes a long term policy measure which will drive several positive permanent impacts to the sector. Most significantly it is set to build a transparent ecosystem for all industry participants including buyers, developers, financial institutions like banks and housing finance companies and other important stake holders.
\nIn conclusion, how well we structure these building blocks, adopting a transformative approach within the socio economic fabric of India, will be crucial to ensure a self sustaining mortgage finance sector in the India financial system and play a pivotal role in India\u2019s economic growth.<\/p>\n

Awards & Recognition<\/strong>
\nDHFL awarded the marketing campaign of the year for the campaign \u2018Home Loan Dilse\u2019 at the National Awards form Marketing Excellence presented by Times Network
\nDHFL won the Gold award for the CSR Campaign Delivering Hope at the Asia Pacific Customer Engagement Forum
\nDHFL won the Gold at the ACEF awards for the best use of Celebrity Endorsement for Home Loan Dil Se campaign
\nDHFL won the Golden Globe Tigers Award 2017 for the Most Admired Service Provider in the Financial Sector held in Kuala Lumpur, Malaysia
\nDHFL won the Dream Companies to work in Housing Finance Sector organised by Times Ascent and World HRD Congress
\nDHFL won the Industry Award for the excellence in the Home Loan Banking
\nThe DHFL Home Loan Dilse Campaign won the 11th Indy’s award for the most creative Ad on television in the BFSI sector
\nDHFL Awarded the Marketing Campaign of the year for its “HomeLoanDilSe” Campaign at the Global Marketing Excellence Awards endorsed by World Federation of Marketing Professionals and CMO Asia
\nDHFL Won ‘Gold’ at the Asia Pacific Customer Engagement Forum & Awards for the Most Admired Customer Engaged Brand
\nDHFL Won ‘Gold’ at the Asia Pacific Customer Engagement Forum & Awards for Excellence in CSR
\nDHFL’s “Bahana Campaign” was awarded the Marketing Campaign of the year in the BFSI Sector presented and endorsed by CMO Asia
\nDHFL\u2019s \u201cBahana Campaign\u201d was awarded \u201cMarketing Campaign of the Year\u201d in the BFSI Sector at the National Awards for Marketing Excellence endorsed by World CSR day, Stars Group and CMO Asia
\nDHFL\u2019s \u201cWealth2Health Fixed Deposit\u201d product awarded the \u201cBrand Extension Award\u201d in the BFSI Sector at the National Awards for Marketing Excellence endorsed by World CSR day, Stars Group and CMO Asia<\/p>\n

The Lending product portfolio<\/strong>
\nDHFL offers a range of home loan products including home loan, home extension loan, home improvement loan, plot loans, mortgage loan and project loans to all customer segments across India, retaining its concerted focus on the low and middle income segment
\nThe company also offers loan solutions to Small and Medium enterprises through financing plant and machinery and medical equipment besides Non-residential property loans for meeting their business needs
\nThe Company\u2019s average loan ticket size at the portfolio level stands at Rs 13.99 lakhs. It also offers project loans essentially for development of low and middle income housing projects
\nThis is besides the value-added and customized insurance solutions, along with its home loan products<\/p>\n

The Fixed Deposit Focus<\/strong>
\nThe company offers an array of Fixed Deposit Products for public including individuals and trust investors that ensures high yield, safety and liquidity
\nDHFL Fixed Deposit Products for individual investors come with free accidental insurance cover of Rs. 1 Lakh
\nCompany Fixed Deposit Products are rated CARE AAA and BWR (FAAA) ensuring high safety
\nCompany launched its corporate deposit products during the quarter that would provide access to the surplus funds available with Corporates<\/p>\n

About DHFL<\/strong>
\nDHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access for Indians to own a home of their own. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the company is CARE AAA rated and reckoned as one of India\u2019s leading financial institutions with a large presence across the country, in addition to representative offices in Dubai and London.
\nThroughout its years of growth, DHFL has stayed true to its core vision of financial inclusion, especially to the low and middle income customers across India. The company\u2019s wide network, coupled with insights into local customer needs, has enabled the company to provide meaningful financial access to customers even in India\u2019s smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is a respected and trusted financial services company in India with a concerted focus towards enabling home ownership to the low and middle income customer. For further information, please visit www.dhfl.com.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights for Q1 FY18 ended June 30, 2017 on YOY basis Net profit increased by 29% to Rs 260 crore for the quarter ended June 30, 2017 Profit before tax rose by 26% to Rs 381 crore for the quarter ended June 30, 2017 Total income rose by 23% to Rs 2,408 crore for the […]<\/p>\n","protected":false},"author":2,"featured_media":6323,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/6322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6322"}],"version-history":[{"count":2,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/6322\/revisions"}],"predecessor-version":[{"id":6326,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/6322\/revisions\/6326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/6323"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}