H D F C
RESULTS FY 10 VS FY 09
(AUDITED, CUMULATIVE, CONSOLIDATED)
ANALYSIS
Net Sales for the year has increased to Rs. 1209306 lakhs in FY10 from Rs.1082102 lakhs in FY09.
On the other hand, total Expenditure has come down to Rs. 118417 lakhs in FY10 from Rs. 119607 lakhs in FY 09.
Net Profit has increased to Rs. 262911 lakhs in FY 10 from Rs. 179512 lakhs in FY 09 – which is a huge jump for one year.
Consolidated Net Profit has also therefore jumped to Rs. 324098 lakhs in FY 10 from Rs. 231050 lakhs in FY 09.
Dividend (%) has been raised to a huge 360 for FY10 from a very decent 300% in FY 09 on a face value of Rs.10.
On a face value of Rs.10. the Basic EPS amounts to Rs.113.33 in FY 10 from Rs. 81.09 in FY 09. This is again a highly creditable achievement.
On the current market price of Rs.2800, the P/E works out to 24.73.
Considering that the Basic EPS QOQ has been increasing to 32.24 from Rs.23.47 in previous Qtr, and 23.27 in its previous Qtr, Rs. 19.82 in the still previous qtr and Rs. 25.71 in its preceding qtr, the P/E is considered still LOW. On the basis of latest Quarterly EPS of Rs.32.24, the next annual EPS will be equal to or higher than Rs.128.96. This makes it a clear BUY at current prices.
Note : Readers are welcome to offer their comments, suggestions, corrections etc, which will be gratefully taken note of.
RESULTS NUMBERS
(AUDITED, CUMULATIVE,CONSOLIDATED.)
Description ::FY 10(Rs. in lakhs) :: FY 09(Rs. in lakhs)
Net Sales :: 1209306 :: 1082102
Other Operating Income :: - ::83282
Employees Cost :: 31866 :: 27263
Depreciation :: 9144 :: 3664
Other Expenditure :: 77407 :: 88680
Total Expenditure :: 118417 :: 119607
Other Income :: 26360 :: 5258
Interest :: 728886 :: 764742
Tax Expense :: 125452 :: 106781
Net Profit :: 262911 :: 179512
Minority Interest :: -613 :: -7719
Shares of Associates :: -60574 :: -43819
Consolidated Net Profit :: 324098 :: 231050
Dividend (%) 360 - -300
Face Value (in Rs.) :: 10 :: 10
Paid-up Equity :: 28711 :: 28445
Reserves :: 1789472 :: 1301313
Basic EPS :: (in Rs.) :: 113.33 :: 81.09
Diluted EPS:: 110.04 :: 79.68
ANNOUNCEMENT SENT BY HDFC
TO THE EXCHANGE
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange regarding the outcome of Board Meeting held on May 03, 2010. Click Here
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors at its meeting held on May 03, 2010 approved Annual General Meeting (AGM) of the Corporation be held on July 14, 2010. Further the Register of Members and Share Transfer Books of the Corporation shall remain closed from July 01, 2010 to July 14, 2010 (both days inclusive) for the purpose of determining the shareholders entitled to dividend for the financial year 2009-10. -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2010 approved the proposal to sub-divide the nominal value of the equity shares of the Corporation from Rs. 10 each to the nominal value of Rs. 2 each, subject to the approval of the Members at the Annual General Meeting (AGM) of the Corporation. -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 284688 lacs for quarter ending on 31-MAR-2010 against Rs. 293501 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 92638 lacs for the quarter ending on 31-MAR-2010 against Rs. 73337 lacs for the quarter ending on 31-MAR-2009. -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2010 recommended a dividend of Rs. 36 per equity share of Rs. 10 each for the financial year 2009-10 (Previous year: Rs. 30.00 per equity share). -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1209306 lacs for year ending on 31-MAR-2010 against Rs. 1082102 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 324098 lacs for the year ending on 31-MAR-2010 against Rs. 231050 lacs for the year ending on 31-MAR-2009. -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1112888 lacs for year ending on 31-MAR-2010 against Rs. 1048627 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 282649 lacs for the year ending on 31-MAR-2010 against Rs. 228254 lacs for the year ending on 31-MAR-2009. -
03-05-2010 Housing Development Finance Corporation Limited has informed the Exchange that "The Corporation today i.e. April 30, 2010, allotted 4,03,093 equity shares of Rs. 10 each under distinctive numbers from 287533941 to 287937033 (both numbers inclusive) pursuant to conversion of FCCBs. Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 287,93,70,330.00 consisting 28,79,37,033 equity shares of Rs. 10 each."
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