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DHFL Slips Over 2 Percent Despite 17 Percent Rise In Q4 Net Profit

By Religare

Shares of Dewan Housing Finance Corporation Ltd (DHFL) fell by over 2 per cent on Bombay Stock Exchange (BSE) after the company missed analysts' estimates on Q4 net profit. The company reported 16.9 per cent rise in standalone net profit to Rs 189.66 crore as from Rs 162.28 crore in the same quarter last fiscal. The housing Finance company reported standalone total income of Rs 1,964 crore in the quarter under review signifying a rise of 24.27 per cent (YoY).

DHFL Slips Over 2 Percent Despite 17 Percent Rise In Q4 Net Profit
Dewan Housing Finance Corporation: Quotes, News
BSE 56.20BSE Quote5.6 (9.96%)
NSE 56.25NSE Quote5.65 (10.04%)
Reacting to the news, shares of company dropped 2.22 per cent to Rs 193.65 a piece on the BSE.

Shares of the company dipped 2.12 per cent to Rs 193.80 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 25,232.72, up by 130.99 points, or 0.52 per cent, at 11:30 hours.

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