Healthy loan growth boosts DHFL Q3 net 21%

Housing finance company, DHFL has posted a net profit of Rs 75 crore for the quarter ended December 2011, up 21 per cent from Rs 62 crore in the corresponding year-ago period.

Healthy growth in loan disbursements helped the company post good results.

During the quarter, disbursements grew by 49 per cent to Rs 2,280 crore (Rs 1,528 crore). Sanctions grew by 44 per cent to Rs 3,189 crore (Rs 2,214 crore). The total housing loan portfolio was Rs 25,224 crore as on December 31, 2011.

The percentage of net non-performing assets to total loans was at 0.17 per cent (0.39 per cent).