DEWAN H.FIN. Announces Quarterly Results (4QFY18); Net Profit Up 25.8%

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DEWAN H.FIN. Announces Quarterly Results (4QFY18); Net Profit Up 25.8%
Fri, 20 Jul

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

DEWAN H.FIN. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m23,75426,31628,0196.5%18.0%
Other incomeRs m232662136.4%166.7%
Total revenuesRs m23,77726,34228,0826.6%18.1%
InterestRs m17,47518,94419,8024.5%13.3%
Gross Profit Rs m6,2457,2998,14111.5%30.4%
Other expensesRs m2,5132,7083,40425.7%35.5%
Profit before taxRs m3,7564,6174,7993.9%27.8%
TaxRs m1,2731,5581,6757.5%31.5%
Profit after taxRs m2,4833,0603,1242.1%25.8%
Gross profit margin %26.327.729.1
Effective tax rate%33.933.734.9
Net profit margin%10.511.611.1
* 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 18.0% on a year-on-year (YoY) basis. The interest expended was up by 13.3% YoY during the same period.
  • The bank's operating profit increased by 30.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 4QFY18 as against 26.3% in 4QFY17.
  • Other income increased by 166.7% YoY during the quarter.
  • Net profit for the quarter increased by 25.8% YoY. Net profit margins during the quarter increased from 10.5% in 4QFY17 to 11.1% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4.5% QoQ during the same period.
  • The bank's operating profit increased by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.1% in 4QFY18 as against 27.7% in 3QFY17.
  • Net profit for the quarter increased by 2.1% QoQ, while net profit margins declined from 11.6% in 3QFY17 to 11.1% in 4QFY18.

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 476.6 to Rs 616.0, registering a Gain of Rs 139.5 or around 29.3%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 616.0, the price to earnings (P/E) ratio of DEWAN H.FIN. stands at 15.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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