Our Banking Bureau
27 Oct 2004
DHFL has also recorded an increase in net profit by 18.38 per cent from Rs983.34 lakh to Rs1164.11 lakh, during the half year ended 2004, as against the corresponding half in 2003. The earnings per share (EPS) has increased by 34 per cent from Rs2.38 to Rs3.19, during the half year ended 2004, as against the corresponding half in 2003. The total loan asset size has gone up to Rs141,205 lakh from Rs106,932 lakh as in the corresponding quarter in FY 2003, registering growth of 32 per cent.
The company has made provision during the first half for contingency in compliance with the new NPA norms of NHB for provision on three months overdues and its other directives. This has resulted in provision of Rs298.12 lakh (Rs45.06 lakh), despite which NPA is 1 per cent.