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DHFL gains on reporting 21% increase in Q3 net profit

18 Jan 2012 Evaluate

DHFL is currently trading at Rs. 205.25, up by 1.40 points or 0.69% from its previous closing of Rs. 203.85 on the BSE.

The scrip opened at Rs. 204.50 and has touched a high and low of Rs. 206.65 and Rs. 201.10 respectively. So far 76347 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 20-Apr-2011 and a 52 week low of Rs. 171.10 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 212.00 and Rs. 176.00 respectively. The current market cap of the company is Rs. 2134.37 crore.

The promoters holding in the company stood at 39.29% while Institutions and Non-Institutions held 43.19% and 17.52% respectively. 

Dewan Housing Finance Corporation (DHFL) has announced the results for the quarter ended December 31, 2011.

The company has posted a net profit of Rs 74.97 crore for the quarter ended December 2011, up 21.39% from Rs 61.76 crore in the corresponding year-ago period. Its total income has increased by 71.09% to Rs 661.88 crore for the quarter under review from Rs 386.85 crore for the similar quarter of the previous year.

During the quarter, disbursements grew by 49.21% to Rs 2,280 crore against Rs 1,528 crore and sanctions grew by 44% to Rs 3,189 crore against Rs 2,214 crore. The percentage of net non-performing assets to total loans was at 0.17% for the quarter under review against 0.39%.

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