Business Daily from THE HINDU group of publications
Tuesday, May 12, 2009
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Business Daily from THE HINDU group of publications Tuesday, May 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Financial Performance Corporate Results - Housing Finance Dewan Housing Finance Q4 net falls 27% Our Bureau Mumbai, May 11 Dewan Housing Finance Corporation Ltd (DHFCL) has reported a 27 per cent decline in its net profit at Rs 21.39 crore in the fourth quarter ended March 31, 2009 as against Rs 29.44 crore in the corresponding period last year. In the financial year 2008-2009, net profit edged up by 4.50 per cent to Rs 86.31 crore (Rs 82.57 crore). The board has recommended a dividend of 25 per cent per equity share of face value Rs 10. In Q4, DHFCL reported a 40 per cent rise in its total income to Rs 206.90 crore (Rs 148.02 crore) even as its total expenditure shot up by 52 per cent to Rs 169.51 crore (Rs 111.27 crore). In FY2009 the sanctions increased by 33 per cent to Rs 2,674.73 crore (Rs 2,009.55 crore) and disbursements were up by 27 per cent to Rs 2,240.54 crore (Rs 1,761.53 crore). More Stories on : Financial Performance | Housing Finance
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