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Dewan Housing Finance trades higher on reporting 19% rise in Q2 net profit

23 Oct 2012 Evaluate

Dewan Housing Finance Corporation is currently trading at Rs. 202.65, up by 4.80 points or 2.43% from its previous closing of Rs. 197.85 on the BSE.

The scrip opened at Rs. 200.95 and has touched a high and low of Rs. 204.75 and Rs. 198.75 respectively. So far 22525 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 279.00 on 12-Mar-2012 and a 52 week low of Rs. 142.25 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs. 204.75 and Rs. 190.05 respectively. The current market cap of the company is Rs. 2371.40 crore.

The promoters holding in the company stood at 35.27% while Institutions and Non-Institutions held 42.83% and 21.90% respectively.

Dewan Housing Finance Corporation has reported results for second quarter ended September 30, 2012. 

The company has reported a rise of 19.42% in its net profit at Rs 85.85 crore for the quarter ended September 30, 2012 as compared to Rs 71.89 crore for the same quarter in the previous year. Total income has increased by 38.86% at Rs 817.87 crore for quarter under review as compared to Rs 588.98 crore for the quarter ended September 30, 2011.

DHFL is among the oldest private sector Housing Finance Companies (HFC) in India. It is the third-largest HFC with a loan portfolio of Rs 19,355 crore as on March 31, 2012.

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