By Tricitynews Reporter
Chandigarh 20th October:- DHFL, one of India’s leading housing finance company in the private sector, today announced its results for the second quarter ended September 30, 2016. The company registered a net profit growth of 28.96% to Rs 232.61 crore for the quarter ended September 30, 2016.
Assets under Management (AUM) grew by 19.71% quarter-on-quarter, reaching Rs 75,223 crore from Rs 62,837 crore as on September 30, 2015.
Commenting on the company’s financial performance, Kapil Wadhawan, CMD, DHFL said that DHFL has once again delivered a steady performance. The consistency of our performance is a result of managing our business dynamically, and executing our strategy with greater rigor and discipline. The Company has further recorded a robust growth in AUM due to the right product mix and attractive interest rates starting at 9.35% that would further enable every Indian to own a home of their own.
He further added that this quarter performance has once again demonstrated that the company is on a sustained growth path. We are positive that the decision of RBI to cut rates coupled with a strong demand for affordable housing will enable us to deploy more capital thereby boosting growth in the coming quarters.
The robust performance in quarter 2 comes as a result of several initiatives that has been embarked upon by the company in recent past.