1 min read.Updated: 21 Nov 2018, 04:42 PM ISTAgencies
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
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.
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.