DHFL eyes about 30% home loan growth

Kapil Wadhawan

Private sector HFC (Housing Finance Company) Dewan Housing Finance Corporation (DHFL) is hopeful of posting a 25-30% growth in home loan disbursements in the current fiscal (2011-12) despite sticky real estate market..
 
Mr. Kapil Wadhawan, CMD (Chairman and Managing Director) DHFL "We expect 25-30% growth in home loan disbursements in the current fiscal. The firm was not facing any rise in delinquencies despite repeated rate hikes. We don't see any pressure on the loan book as of now and are hopeful of closing this year with a gross non-performing assets below 1%.  Though the cost of borrowing has gone up for the NBFC, most of the rising costs had been passed on to the end-users" 
 
The DHFL's loans grew 28% per cent to Rs 2,139 crore in the September quarter, 2011 up from Rs. 1,670 crore in the year-ago period. Similarly, sanctions rose 40% to Rs. 3,112 crore in this period, against Rs. 2,225 crore compared to the previous year.

DHFL had posted 23% drop in its net profit to Rs. 72  crore in the second quarter of current fiscal, compared to Rs.  93 crore in the same period last year. But, its total income grew 78% to Rs 589 crore in Q2 compared to Rs. 331 crore in the corresponding period past year.


Corporate Office
DHFC - Dewan Housing Finance Corporation Ltd.
6th Floor, Dheeraj Arma, Anant Kanekar Road,
Bandra(E), Station Road,
Mumbai - 400051
Fax: (91-22) 26583344
Tel: (91-22) 26583333/26474333

National Toll Free: 1800 22 3435
E-mail : response@dhfl.com
   
Registered Office
Dewan Housing Finance Corporation Ltd.
Warden House, 2nd floor,
Sir P.M. Road, Fort,
Mumbai 400001
Fax: (022) 22871985
Tel: (022) 22029900

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