The gross profit of the bank rose to Rs 7.67 crore on September 30 as compared to Rs 5.48 in the same period of the previous year.

The company's income rose to Rs 41.74 crore as compared to RS 39.41 crore in the corresponding period of the previous year. The disbursal of housing loans from DHFL rose during the first half of the year by 22.10 per cent at Rs 45.25 crore and the cumulative disbursal stood at Rs 657.36 crore, a release from the company said.

According to Rajesh Wadhawan, chairman and managing director of DHFL, the company's impressive performance has been achieved despite the prevailing recessionary situation in the economy and especially in thereal estate market. Interest expenditure of the company, however, went up marginally to Rs 30.10 crore for the period ended September 30,1998 as compared to Rs 29.86 crore in the corresponding period in the previous year.

The total sanctions and disbursements of the company went up by Rs 27.33 per cent and 22.18 per cent respectively in the first half of 1998-99 as compared to the corresponding period of the previous year. The release further added that the company has been registering an annual growth in excess of 24 per cent over the past few years.