DHFL posts net profit of Rs 129.13 cr for September quarter

Written by PTI | Mumbai | Updated: Oct 22 2013, 04:07am hrs
Mortgage lender DHFL today posted a net profit of Rs 129.13 crore for the September quarter, up from the Rs 85.85 crore.

A senior company official, however, said that the numbers are not comparable because this year's number includes the performance of merged entities.

The company's net interest was flat at around Rs 228 crore for the reporting quarter, while the other income witnessed an increase on the back of it entering newer segments, a senior company official said.

It earned Rs 18.85 crore income from its insurance subsidiary, Rs 23.39 crore from its treasury operations, which majorly includes investments in mutual funds and fixed deposit products, the official said.

The company also reduced a dip in the net interest margin during the quarter on a higher cost of funds, the official said.

The company scrip gained 4.15 per cent to close at Rs 153.20 apiece on the BSE, whose 30-share benchmark closed almost flat with a positive bias.