DHFL up 1.5% after company reports 17% net profit growth in Q4

NEW DELHI: Shares of Diwan Housing Finance ended higher by 1.5 per cent on Thursday 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).

Reacting to the earnings numbers, the scrip slipped 3.93 per cent to hit a low of Rs 190.50 on the BSE.