DEWAN H.FIN. Announces Quarterly Results (1QFY19); Net Profit Up 67.0%

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DEWAN H.FIN. Announces Quarterly Results (1QFY19); Net Profit Up 67.0%
Thu, 16 Aug

DEWAN H.FIN. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

DEWAN H.FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m24,06628,01931,49712.4%30.9%
Other incomeRs m1262642.9%435.0%
Total revenuesRs m24,07828,08231,56112.4%31.1%
InterestRs m17,86919,80221,93110.8%22.7%
Gross Profit Rs m6,1338,1419,48016.5%54.6%
Other expensesRs m2,3363,4043,162-7.1%35.4%
Profit before taxRs m3,8104,7996,38233.0%67.5%
TaxRs m1,2051,6752,03221.3%68.7%
Profit after taxRs m2,6053,1244,35039.3%67.0%
Gross profit margin %25.529.130.1
Effective tax rate%31.634.931.8
Net profit margin%10.811.113.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 30.9% on a year-on-year (YoY) basis. The interest expended was up by 22.7% YoY during the same period.
  • The bank's operating profit increased by 54.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.1% in 1QFY19 as against 25.5% in 1QFY18.
  • Other income increased by 435.0% YoY during the quarter.
  • Net profit for the quarter increased by 67.0% YoY. Net profit margins during the quarter increased from 10.8% in 1QFY18 to 13.8% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 12.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 10.8% QoQ during the same period.
  • The bank's operating profit increased by 16.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.1% in 1QFY19 as against 29.1% in 4QFY18.
  • Net profit for the quarter increased by 39.3% QoQ, while net profit margins increased from 11.1% in 4QFY18 to 13.8% in 1QFY19.

To see how DEWAN H.FIN. has performed over the last eight quarters, please visit here.

DEWAN H.FIN. Share Price Performance

Over the last one year, DEWAN H.FIN. share price has moved up from Rs 449.0 to Rs 648.5, registering a Gain of Rs 199.5 or around 44.4%.

Overall, the S&P BSE SENSEX is up 19.8% over the year.

Current Valuations

At the current price of Rs 648.5, the price to earnings (P/E) ratio of DEWAN H.FIN. stands at 14.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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