Mumbai / Chennai, May, 2017: DHFL, one of India’s leading housing finance company, today announced its annual results for the year ended March 31, 2017. The company registered a net profit growth of 27% to Rs 927 crore for the year ended March 31, 2017.
Assets Under Management (AUM) grew by 20% year-on-year, reaching Rs 83,560 crore from Rs 69,524 crore as on March 31, 2016.
Commenting on the company’s financial performance, Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL said,” DHFL has registered a robust growth in business in the fourth quarter as we continue to take several proactive steps towards the fulfillment of DHFL’s mission built over three decades to enable every Indian to own a home of his own. On an overall basis FY 2017 has been encouraging for the housing finance sector which witnessed several growth oriented initiatives and industry defining policy measures undertaken by the government. Over the past quarter, the government continued the reform momentum introducing various interest subvention schemes that has will provide a tremendous impetus to the affordable housing industry acknowledging the potential of the segment at the bottom of the pyramid and steering the industry towards meeting its objective of Housing for All by 2022.
He further added, “DHFL has been very responsive and agile in leveraging these advantages to expand customer outreach and introduce unique housing finance solutions. With our wider national footprint we are well poised to capitalise on growth opportunities.. The government has paved the way through several path-breaking initiatives to expand financial inclusion across India. As we progress, I am confident that DHFL will continue to deliver higher performance and undertake initiatives with more far reaching impact.”