Dewan Housing Finance Corporation Ltd's Q1FY19 standalone net profit rises 35.1% yoy to Rs435cr : In-line with Estimates

The company’s standalone NII stood at Rs831cr, up 35.56% yoy and 25.28% qoq.

Aug 14, 2018 03:08 IST India Infoline Research Team

Dewan Housing Finance Corporation Ltd Q1FY19

Standalone Results Q1FY19: (Rs. in cr)

Q1FY19 YoY (%)
NII 831 35.6
Net Profit (adjusted) 435 35.1

DHFL’s Q1FY19 standalone revenue has improved by 26.4% yoy to Rs3,156cr against Rs2,497cr. Its NII for Q1FY19 came at Rs831cr as against Rs613cr, which is up by 35.6% yoy. The NIMs for Q1FY19 stood at 3.44%, which is up by 13bps yoy. The housing finance company’s standalone net profit was in-line with estimates, which has improved by 35.1% yoy to Rs435cr against Rs322cr. Its GNPA for Q1FY19 stood at 0.93%, which has declined by 4bps qoq.

  • Disbursement for the quarter is up by 65% yoy to Rs13,583cr.
  • The AUM has improved by 37% yoy to Rs 1.21 lakh cr.
  • Cost-to-income ratio has declined by 26bps yoy to 21.4%.
  • Loan book profile as of Q1FY19 end – Salaried - 73% and Self Employed - 27%.
  • Average ticket size for the quarter came at Rs16 lakh.
  • Its loan mix for the quarter came at – Home loans, LAP and Project loans 59%, 21% and 16% respectively, whereas SME loans formed 4% of total loan book.
  • Cost of funds for Q1FY19 stood at 8.46% as against 8.71% yoy.
  • Its liability mix is - Banks, DCM, FD, ECB and NHB constitutes 36% ,48%, 10%, 3% and 3% respectively.




Technical View:

Dewan Housing Finance Corporation Ltd ended at Rs. 623.25, up by 12.05 points or 1.97% from its previous closing of Rs. 611.20 on the BSE.
The scrip opened at Rs. 610 and touched a high and low of Rs. 625 and Rs. 607.85 respectively. A total of 37,37,878 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.

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