Dewan Housing Finance - Q4FY12 result first cut
RAJESH DESAI
Dear Sir/Madam,
Dewan Housing Finance Corporation Ltd has announced its Q4FY12 along with Annual FY12 result on 10th May 2012.
On the quarterly basis, the company’s top line increased by 8.95% QoQ and 65.91% YoY to INR721.11 crores while, bottom line increased by 25.06% QoQ and 59.86% YoY to INR93.76 crores. For the whole year of FY12, the company’s top line increased by 52.96% YoY to INR3216.36 crores while, bottom line down by 1.62% YoY to INR323.77 crores.
Pressure in bottom line for full year of FY12 is seen mainly because of high cost of capital. The company has reported a 69.04% YoY increased in interest expenses to INR2349.55 crores.
The company has reported a 44% YoY growth in Housing loans sanctioned to INR12845.31 crores and a 39% YoY growth in loan disbursement to 9065.24 crores.
The Board of Directors have recommended a dividend @ 35% i.e. Rs.3.50 per equity share for the year ended 31st March, 2012.
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Consolidated |
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|
Particulars |
Q4FY12 |
Q3FY12 |
Q4FY11 |
QoQ(%) |
YoY(%) |
FY12 |
FY11 |
YoY(%) |
|
Net Sales & other operating income |
721.11 |
661.89 |
434.63 |
8.95% |
65.91% |
3216.36 |
2102.73 |
52.96 |
|
Operating Profit(Excluding OI) |
648.00 |
579.08 |
373.72 |
11.90% |
73.39% |
2842.66 |
1832.05 |
55.16 |
|
OPM(%) |
89.86% |
87.49% |
85.99% |
237bps |
387bps |
88.38% |
87.13% |
100bps |
|
PAT |
93.76 |
74.97 |
58.65 |
25.06% |
59.86% |
323.77 |
329.10 |
-1.62 |
|
PAT(%) |
13.00% |
11.33% |
13.49% |
167bps |
(49)bps |
10.07% |
15.65% |
600bps |
|
Diluted EPS |
8.72 |
7.09 |
5.78 |
22.99% |
50.87% |
30.29 |
31.81 |
-4.78% |
|
All data in Crores , EPS Represents Diluted EPS. |
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Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
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CA. Rajesh Desai