Dewan Housing Finance Corporation Q2 FY18 standalone net profit increases 26.1% yoy

The net interest income (NII) for Q2FY18 increased by 33.9% yoy to Rs 710.8 crore as against Rs 530.72 crore in Q2 FY17.

Oct 16, 2017 09:10 IST India Infoline Research Team

Dewan Housing Finance Corporation Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
NII 710.8 33.9
Net Profit (adjusted) 293.3 26.1

View

Buy

Reco. Price

551.4

Last updated on

10-Oct-2017


Dewan Housing Finance Corporation, DHFL
Dewan Housing Finance Corporation Ltd reported its standalone Q2FY18 Results.

The net interest income (NII) for Q2FY18 increased by 33.9% yoy to Rs 710.8 crore as against Rs. 530.72 crore in Q2FY17.

Loans sanctioned for Q2FY18 grew by 68% yoy to Rs. 14201 crore.

Loan disbursement during Q2FY18 grew by 51% yoy to Rs. 9949.7 crore.

Interest and finance expenditure grew by 16.7% yoy to Rs. 1903 crore.

The adjusted PAT grew by 26.1% yoy to Rs. 293.3 crore in Q2FY18 as against Rs. 232.6 crore in the corresponding quarter last year.

The Board of Directors have declared an interim dividend of Rs. 3 per share for the face value of Rs. 10 each and the record date for the same is fixed as 28th October, 2017.



Technical View:

Dewan Housing Finance Corporation Ltd is currently trading at Rs. 543.15, up by 5.25 points or 0.98% from its previous closing of Rs. 537.90 on the BSE.
The scrip opened at Rs. 540.55 and has touched a high and low of Rs. 554.95 and Rs. 539.20 respectively. So far 95,29,452(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

Related Story