Dewan Housing Finance Corporation rose 1.70% to Rs 484.10 at 14:18 IST on BSE after net profit rose 15.36% to Rs 159.65 crore on 17.30% increase in total income to Rs 1526.53 crore in Q3 December 2014 over Q3 December 2013.
The result was announced during trading hours today, 16 January 2015.
Meanwhile, the BSE Sensex was up 77.96 points, or 0.28%, to 28,153.51.
On BSE, so far 4.79 lakh shares were traded in the counter, compared with an average volume of 2.07 lakh shares in the past one quarter.
The stock hit a high of Rs 492.70 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 473.75 so far during the day. The stock hit a 52-week low of Rs 199.10 on 14 February 2014.
The stock had outperformed the market over the past one month till 15 January 2015, rising 10.52% compared with 2.77% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 47.14% as against Sensex's 6.55% rise.
The mid-cap company has an equity capital of Rs 128.65 crore. Face value per share is Rs 10.
Dewan Housing Finance Corporation said housing loans sanctioned in Q3 December 2014 amounted to Rs 7071.77 crore as against Rs 5938.55 crore in Q3 December 2013, showing an increase of 19%.
Disbursements in Q3 December 2014 amounted to Rs 4923.21 crore as against Rs 4030.23 crore in Q3 December 2013, showing an increase of 22%.
In Q3 December 2014, the company securitised/assigned pool of housing and property loans aggregating to Rs 497.97 crore. These assets have been de-recognised in the books of the company. The company is responsible for collection and getting servicing of the securitized portfolio on behalf of the buyer/investor. In terms of the securitization agreement, the company pays to buyer/investor on monthly basis the collection amount, subject to retention of agreed interest margin for the company.
Dewan Housing Finance Corporation provides loans for purchase or construction of residential houses.
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