Mumbai, July 13, 2019: DHFL, today announced its unaudited annual results for the financial year ended March 31, 2019.
The Company’s total Assets Under Management (AUM)isRs.1,19,992crore as on March 31, 2019as againstRs. 1,11,318croreas on March 31, 2018.Performance Details for the year ended March 31, 2019as compared to the previous year:
·Assets under management (AUM) grew 8%yoyto Rs. 1,19,992crore during FY19·Total revenues increased by 19%to Rs.12,900.6 crore for the year ended Mar 31, 2019 as against Rs.10,864.4crore in the corresponding quarter of previous year· Profit/Loss before tax decreased from Rs.1,701.0 crore in FY18to Rs. (1,165.0) crore in FY19·Profit/Loss after tax decreased from Rs. 1,240 crore in FY18 to Rs. (1,036) crore in FY19
Commenting on the company’s financial performance in the Quarter, Mr. Kapil Wadhawan,Chairman &Managing Director, DHFL said, “Since the last 9 months, with single minded focus, we have met all our financial obligations and are looking to return to business normalcy at the earliest.
Since September 2018, DHFL has managed to make repayments of over Rs. 41,800crore primarily through securitization of assets and repayment collections. In the backdrop of a significant slowdown in disbursement and loan growth post September 2018, the financials of the company have been quite strained for the quarter impacting the overall performance of the year. The operating profitw as Rs. 372 crorefor the quarter and Rs. 2,378 crorefor the whole year. However, due to the additional provisioning ofRs3,280crore (Incl.net loss on fair value),the company reported a net loss of Rs 2,223crore for the quarter and net loss of Rs 1,036crore for the whole year.
