Dewan Housing Finance Corporation Ltd's Q1FY17 standalone net profit rises 16.23% yoy to Rs.201.40 crore: Misses Estimates

India Infoline News Service | Mumbai |

country's leading housing finance company

Dewan Housing Finance Corporation, country's leading housing finance company, reported standalone net profit of Rs. 201.40 crore for the quarter ended June 30, 2017, registering growth of 16.23% yoy and 6.19% qoq. It's  Net Interest Income (NII) for the quarter stood at Rs. 482.91 crore, clocking growth of 15.54% yoy, but declining 0.62% qoq.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 482.91 565.1 [14.54]
Standalone Net Profit 201.40 245.1 0.20

Standalone EPS for the quarter stood at Rs. 6.98.

Stock Commentary:

Dewan Housing Finance Corporation Ltd is currently trading at Rs. 219.7, up by 3.2 points or 1.48% from its previous closing of Rs. 216.5 on the BSE.

The scrip opened at Rs. 218 and has touched a high and low of Rs. 221.25 and Rs. 215.5 respectively. So far 2544319(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6317.43 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268 on 10-Aug-2015 and a 52 week low of Rs. 140.55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 223.15 and Rs. 211.7 respectively.

The promoters holding in the company stood at 34.89 % while Institutions and Non-Institutions held 34.79 % and 30.32 % respectively.

The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart



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