DHFL Q1 RESULTS FY18-19: KEY HIGHLIGHTS

DEWAN HOUSING FINANCE CORPORATION LIMITED (DHFL) has presented its Q1 FY18-19 results today post market hours. Listed below are some of the financial highlights –

Revenue Q1 FY18-19

DHFL’s standalone revenue for the period ended 30 June 2018 stood at INR 3149.67 Cr which was INR 2495.94 Cr for the same period last year, showing 26.19% growth on YoY basis.

The Company’s total revenue for April to June 2018 quarter stood at INR 3156.09 Cr which was INR 2497.14 Cr a period year ago.

Profit

DHLF’s a profit after tax (PAT) for Q1 FY 2018-19 stood at INR 435.02 Cr which was INR 322.42 Cr for the period ends on 30 June 2017, showing a YoY growth of 34.92 percents.

The Company’s Earnings Per Share, Basic INR 13.87 v/s 10.29 and Diluted 13.81 v/s 10.27.

Loan Book & Disbursements

Loan book outstanding For DHFL saw a growth of 13% to INR 1,00,980.5 Cr during the quarter under review as against INR 76,224.8 Cr in the year-ago period.

Loan disbursements and sanctions for the June quarter stood at INR 13,582.9 Cr an increase of 65%, DHFL chairman and managing director Kapil Wadhawan said.

AUM & NPA

Assets under management (AUM) grew 33% YoY to INR 1,00,980.5 Cr as of June end.

Gross NPA marginally declined to 0.93% while net interest margin rose to 3.44% from 3.04% a year ago.

Rakesh Jhunjhunwala Cuts Stake in April-June Quarter

Ace investor, Rakesh Jhunjhunwala, has cut his shareholding in Dewan Housing Finance to 2.76% in April – June ‘18 quarter, from 3.19% in January – March ‘18 quarter.

Jhunjhunwala Rakesh Radheshyam has sold 13,34,736 equity shares during the quarter, bringing the stake down to 86,65,264 shares from 1,00,00,000 shares earlier, as of June 2018.

Overview – Dewan Housing Finance Corporation Ltd

For over three decades, DHFL has been providing easy access to affordable Housing Finance to realise home-ownership aspirations of millions of Lower and Middle income families in semi-urban and rural India.

The Company was established in the year 1984 with this goal, by a visionary leader Late Shri Rajesh Kumar Wadhawan. Led by Chairman & Managing Director, Mr. Kapil Wadhawan, DHFL has strengthened its position as one of India’s leading housing finance companies and has been benchmarked as a model and a pioneer for expanding financial inclusion across India.

DHFL is rated CARE AAA and achieved BWR FAAA from Brickwork Ratings, which indicate the highest degree of safety regarding timely servicing of financial obligations.

Stock Price Movement

The stock closed up by more than 1.5% to INR 622.25 when the market closed on Monday! During the quarter ended 30 June 2018, the share prices of Dewan Housing Finance Corporation Ltd rose by more than 24%

DHFL on Technical Chart

The stock price of Dewan Housing Finance Corporation Ltd (DHFL) is trading just above its 89 EMA when seeing on the daily chart and trading more than 5% higher when compared to its 200 EMA.

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