Dewan Housing Finance
Corporation Limited
NSE Symbol DEWANHOUS
DEWAN
HOUSING CORP has
performed well in Q3 FY 12 ending Dec,2011.
Net
Sales stands at Rs.624.75
in the current Qtr of Q3 FY 12 ending Dec,2011 – compared to Rs.553.43 cr in
the previous qtr of Q2 FY 12(Up by 12.89%); - and Rs.366.4 cr (Up by 70.51%) in
the corresponding Qtr of Q3 FY 11.
Total
Expenditure for Q3
FY 12 stands at Rs.84.24 cr – compared to Rs.73.22 cr (Up by 15.04%) in
previous qtr and Rs.43.30 cr (Up by 94.54%) in corresponding Qtr.
Profit
from Operations stands at
Ra.577.29 cr – compared to rs.515.33 cr (Up by 12.02%) in previous qtr;
and Rs.342.90 cr (Up by 68.35%) in corresponding Qtr.
Interest Expense stands at Rs.478.84
cr in Q3 FY 12 – compared to Rs.429.04 cr (Up by 11.61%) in previous qtr - and
Rs.262.49 Cr (Up by 82.42%) in corresponding Qtr. Interest Expense is
the main expense for Housing finance companies.
Profit
before tax stands
at Rs.98.82 cr in Q3 FY 12 – compared to Rs.86.72 cr (Up by 13.95%) in previous
qtr and Rs.81.06 cr (Up by 21.9%) in corresponding qtr.
Tax
expense stands at
Rs.23.84 cr in Q3 FY 12 – compared to Rs.14.83 cr (Up by 60.83%) in previous
qtr - and Rs.19.30 cr (Up by 23.55%) in
corresponding qtr.
Net
Profit for Q3 FY 12
stands at Rs.74.97 Cr – compared to Rs.71.89 Cr (Up by 4.28%) in previous Qtr –
and Rs.61.76 Cr (Up by 21.39%) in corresponding Qtr.
On
a Face Value
of Rs.10, Basic
EPS( before EI) stands at Rs.7.16 in Q3 FY 12; Rs.6.87 in Q2 FY 12.
Annual EPS will be around Rs.28.
Current
Market Price is
Rs.203.95 while the 52
week high price is Rs.288 and the 52 week low price is Rs.175.50.
The
Price
Earning Ratio comes to 7.28. Diwan Hsg is performing well. In a
normal market, it may command much higher
valuations.
ANNOUNCEMENT BY COMPANY
15-12-2011 Dewan Housing Finance has approved the
following : (1) Issue of equity shares of the Company and/or other securities
in the form of QIPs/ADRs/GDRs/FCCBs/ and or any other securities convertible
into equity shares and/or Rights Issue or any combination thereof pursuant to
Section 81 and 81(1A) of the Companies Act, 1956, upto an amount of Rs. 500/-
crore; (2) Increase in the limit of holding by registered Foreign Institutional
Investors [FIIs] upto 60% of the paid up equity capital of the Company; (3)
Draft Postal Ballot Notice pursuant to Section 192A of the Companies Act., 1956
read with the Companies (Passing of the Resolution by Postal Ballot) Rules,
2011 and accorded its consent to seek approval of the shareholders by way of
Postal Ballot for issue of aforesaid securities. The results of the Postal Ballot
will be declared on January 19, 2012.
RESULTS TABLE
|
DEWAN
HSG
|
31-Dec-11
|
30-Sep-11
|
%
DIF 1
|
31-Dec-10
|
%DIF 2
|
|
Net Sales
|
62474.65
|
55342.55
|
12.89
|
36639.73
|
70.51
|
|
Other Operating Income
|
3677.83
|
3513.06
|
4.69
|
1980.65
|
85.69
|
|
Employees Cost
|
2064.73
|
1954.49
|
5.64
|
1523.18
|
35.55
|
|
Depreciation
|
142.19
|
211.75
|
-32.85
|
122.22
|
16.34
|
|
Other Expenditure
|
6216.93
|
5156.25
|
20.57
|
2684.73
|
131.57
|
|
Total Expenditure
|
8423.85
|
7322.49
|
15.04
|
4330.13
|
94.54
|
|
Profit from Operations
|
57728.63
|
51533.12
|
12.02
|
34290.25
|
68.35
|
|
Other Income
|
36.5
|
42.22
|
-13.55
|
65.38
|
-44.17
|
|
Interest
|
47883.62
|
42903.5
|
11.61
|
26249.37
|
82.42
|
|
Profit before tax
|
9881.51
|
8671.84
|
13.95
|
8106.26
|
21.9
|
|
Tax expense
|
2384.43
|
1482.57
|
60.83
|
1930
|
23.55
|
|
Net Profit
|
7497.08
|
7189.27
|
4.28
|
6176.26
|
21.39
|
|
Face Value (In Rs
|
10
|
0
|
10
|
0
|
|
|
Paid Up Equity
|
10488.33
|
10474.58
|
0.13
|
10435.91
|
0.5
|
|
Basic EPS before EI
|
7.16
|
6.87
|
4.22
|
6.24
|
14.74
|
|
Diluted EPS before EI
|
7.09
|
6.8
|
4.26
|
6.15
|
15.28
|
|
Public holding (%)
|
60.76
|
60.71
|
0.08
|
60.75
|
0.02
|
* *
* E N D *
* *
No comments:
Post a Comment