DHFL jumps after Q4 earnings

The result was announced after trading hours on Tuesday, 7 May 2013.

Meanwhile, the BSE Sensex was up 45.36 points, or 0.23%, to 19,934.31.

On BSE, 87,345 shares were traded in the counter as against an average daily volume of 12,422 shares in the past one quarter.

The stock hit a high of Rs 190 and a low of Rs 180.40 so far during the day. The stock had hit a 52-week high of Rs 224.90 on 15 January 2013. The stock had hit a 52-week low of Rs 142.25 on 27 July 2012.

The stock had outperformed the market over the past one month till 7 May 2013, rising 8.14% compared with the Sensex's 7.80% rise. The scrip had, however, underperformed the market in past one quarter, sliding 12.02% as against Sensex's 1.58% rise.

The small-cap housing finance company has an equity capital of Rs 128.22 crore. Face value per share is Rs 10.

Dewan Housing Finance Corporation's (DHFL) net profit rose 47.49% to Rs 451.85 crore on 67.6% rise in operating income to Rs 4140.36 crore in the year ended March 2013 over the year ended March 2012.

The company said that housing loans sanctioned during the year ended March 2013 amounted to Rs 17.33 lakh as against Rs 12.84 lakh during the year ended March 2012, showing an increase of 35%. Disbursements during the year ended March 2013 amounted to Rs 13.35 lakh as against Rs 9.06 lakh during the year ended March 2012, showing an increase of 47%.

As required by National Housing Bank (NHB), the company has divested its shareholding in Aadhar Housing Finance from 50% to 14.90% during the year.

The board of DHFL has recommended a final dividend of Rs 3 per equity share.

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