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Wednesday, April 29, 2015

Dewan Housing Q4 net up 15% at Rs. 162 cr, to pay Rs. 2 final

Dewan Housing Finance Ltd reported a 15 per cent increase in net profit at Rs. 162 crore in the fourth quarter ended March 31, 2015, as against Rs. 141 crore in the year-ago period.

For the FY2015, the housing finance company clocked a 17 per cent rise in net profit at Rs. 621 crore (Rs 529 crore in FY2014).

The board of directors has recommended final dividend to be paid out of the current year profits at Rs. 2 per equity share of Rs. 10 each to equity shareholders.

Housing loans sanctioned during the reporting year were up 27 per cent at Rs. 28,497 crore. It disbursed loans aggregating Rs. 19,822 crore, up 19 per cent over the previous year.

Source : Thehindubusinessline


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