Dewan Housing Finance - Q4FY12 Result First Cut - Microsec Research

Dewan Housing Finance Corporation Ltd has announced its Q4FY12 along with Annual FY12 result on 10th May 2012.

On the quarterly basis, the company's top line increased by 8.95% QoQ and 65.91% YoY to INR721.11 crores while, bottom line increased by 25.06% QoQ and 59.86% YoY to INR93.76 crores. For the whole year of FY12, the company's top line increased by 52.96% YoY to INR3216.36 crores while, bottom line down by 1.62% YoY to INR323.77 crores.

Pressure in bottom line for full year of FY12 is seen mainly because of high cost of capital. The company has reported a 69.04% YoY increased in interest expenses to INR2349.55 crores.

The company has reported a 44% YoY growth in Housing loans sanctioned to INR12845.31 crores and a 39% YoY growth in loan disbursement to 9065.24 crores.

The Board of Directors have recommended a dividend @ 35% i.e. Rs.3.50 per equity share for the year ended 31st March, 2012.

Source : Equity Bulls

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