Dewan Housing Finance Corporation Ltd has announced its Q4FY12 : Microsec Research

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Dewan Housing Finance Corporation Ltd has announced its Q4FY12 along with Annual FY12 result on 10^th 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 31^st March, 2012.

						Consolidated
Particulars	Q4FY12	Q3FY12	Q4FY11	QoQ(%)	YoY(%)	FY12	FY11	YoY(%)
Net Sales & other operating income	721.11	661.89	434.63	8.95%	65.91%	3216.36	2102.73	52.96
Operating Profit(Excluding OI)	648.00	579.08	373.72	11.90%	73.39%	2842.66	1832.05	55.16
OPM(%)	89.86%	87.49%	85.99%	237bps	387bps	88.38%	87.13%	100bps
PAT	93.76	74.97	58.65	25.06%	59.86%	323.77	329.10	-1.62
PAT(%)	13.00%	11.33%	13.49%	167bps	(49)bps	10.07%	15.65%	600bps
Diluted EPS	8.72	7.09	5.78	22.99%	50.87%	30.29	31.81	-4.78%
All data in Crores , EPS Represents Diluted EPS.

Regards,

Team Microsec Research