BackQ2 results: DHFL profit rises to ₹439 crore
The company posted a net profit of ₹288 crore a year ago. Revenue from operations stood at ₹3,516 crore during the second quarter against ₹2,628 crore last year
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Mumbai: Dewan Housing Finance Corporation Ltd (DHFL) on Wednesday posted a net profit of ₹ 439 crore during the July-September quarter against a net profit of ₹ 288 crore in the same quarter last year.
Revenue from operations stood at ₹ 3,516 crore, compared with ₹ 2,628 crore last year.
The company also approved issue of non-convertible secured/unsecured redeemable debentures for up to ₹ 10,000 crore, and non-convertible perpetual unsecured debentures, up to ₹ 1000 crore.
DHFL recently repaid commercial paper worth ₹ 1,775 crore.
The company is in the process of raising much more resources to increase the liquidity level so that the company continues to remain well-equipped to meet all the financial obligations. DHFL’s borrowings are diversified with a banking consortium of 31 banks, NCDs, CPs, ECB, masala bonds and retail public deposits.
Also read: Liquidity crisis, slump in valuations may hit NBFC funding plans
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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