Company Profile For Dewan Housing Finance Corporation Limited

Dewan Housing Finance Corporation Limited (DWNH.BO) (Bombay Stock Exchange)

sector: Financials · industry: Consumer Financial Services ·

As of 3:04pm IST

174.70INR

Price Change

-5.20

Percent Change

-2.89%

Analyst Recommendations

Overview

Dewan Housing Finance Corporation Limited (DHFL) is an India-based company. The Company is engaged in providing housing finance to the middle and lower income segments. Its products include DHFL home loans, DHFL home extension loans, DHFL home improvement loans, NRI care taker loans and DHFL plot loans, DHFL mortgage loans and non residential property loans (NRPL). The Company operates 74 branches, 79 service centers, 35 camp locations and 2 international offices in Dubai and London. The Company’s subsidiary, DHFL Vysya Housing Finance Ltd. (DVHFL) is a housing finance company with operations in the states of Karnataka, Andhra Pradesh, Tamil Nadu and Maharashtra.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Dewan Housing Finance Corporation's revenues rose 32% to RS7.36B. Net income applicable to common rose 13% to RS953.2M. Revenues reflect increased interest income from operations and higher other income. Net income was partially offset by an increase in interest & other charges, increased employee expenses, higher provision for contingencies and increased depreciation expense.