DHFL shines after strong Q1FY17 results

Dewan Housing Finance Corporation (DHFL) has declared its Q1FY17 results on July 20. The company’s revenue has increased by 18.52 per cent to Rs 1958 crore in Q1FY17 as compared to previous financial year. Its EBITDA too has risen by 18.88 per cent to Rs 1784 crore in Q1FY17 on a yearly basis. Its PAT also has increased by 16.23 per cent to Rs 201 crore in Q1FY17 as compared to same period in previous fiscal year. DHFL’s PAT margin has contracted by 21 basis points to 10.28 per cent in Q1FY17 on a yearly basis.

In quarterly comparison, DHFL’s top line has declined by 0.32 per cent to Rs 1958 crore in Q1FY17. The company’s EBITDA has risen by 1.08 per cent to Rs 1784 crore in Q1FY17 as compared to previous quarter. Its bottom line has increased by 6.19 per cent to Rs 201 crore in Q1FY17 on a quarterly basis.

The share price of DHFL has increased by 2.31 per cent on bourses in early trades; and is trading at Rs 219.3 on an intraday basis.

DHFL focuses on providing financing products to the lower and middle income segments in India, primarily in Tier II and Tier III cities, and towns. It offers loans for construction or purchase of residential property and loans against property. DHFL has a distribution network of 188 branches, 150 service centres, 19 circles/clusters, two disbursement hubs and one collection centre in India.