Dewan Housing Finance Q4 net dips 28%; shares tank 12%
Apr 30 2014 , New Delhi
The company's net profit was Rs 196.93 crore in the January-March quarter of the previous fiscal, 2012-13.
Shares of the company tanked 12 per cent to day's low of Rs 217.10 apiece on the BSE. Later, the scrip recovered some ground and closed at Rs 226.50, down 8 per cent.
The company's total Q4, 2013-14 income dropped to Rs 1,417 crore, from Rs 1,716 crore in the year-ago period.
On annual basis, however, its net profit was up 17 per cent to Rs 529 crore in 2013-14. It was Rs 451 crore in the previous fiscal.
Total income went up to Rs 4,970 crore during last fiscal, from Rs 4,079 crore in 2012-13.