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- DHFL Announces Quarterly Results (3QFY19); Net Profit Up 2.5%
DHFL Announces Quarterly Results (3QFY19); Net Profit Up 2.5%
Mon, 28 Jan
DHFL has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:
DHFL Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-17* | 3 Sep-18* | 3 Dec-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 26,316 | 35,157 | 32,509 | -7.5% | 23.5% |
| Other income | Rs m | 26 | 36 | 50 | 39.0% | 87.5% |
| Total revenues | Rs m | 26,342 | 35,192 | 32,559 | -7.5% | 23.6% |
| Interest | Rs m | 18,944 | 513 | 24,103 | 4595.7% | 27.2% |
| Gross Profit | Rs m | 7,299 | 34,525 | 8,276 | -76.0% | 13.4% |
| Other expenses | Rs m | 2,708 | 28,232 | 3,610 | -87.2% | 33.3% |
| Profit before tax | Rs m | 4,617 | 6,329 | 4,715 | -25.5% | 2.1% |
| Tax | Rs m | 1,558 | 1,941 | 1,579 | -18.7% | 1.4% |
| Profit after tax | Rs m | 3,060 | 4,387 | 3,136 | -28.5% | 2.5% |
| Gross profit margin | % | 27.7 | 98.2 | 25.5 | ||
| Effective tax rate | % | 33.7 | 30.7 | 33.5 | ||
| Net profit margin | % | 11.6 | 12.5 | 9.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 23.5% on a year-on-year (YoY) basis. The interest expended was up by 27.2% YoY during the same period.
- The bank's operating profit increased by 13.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.5% in 3QFY19 as against 27.7% in 3QFY18.
- Other income increased by 87.5% YoY during the quarter.
- Net profit for the quarter increased by 2.5% YoY. Net profit margins during the quarter declined from 11.6% in 3QFY18 to 9.6% in 3QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 7.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 4595.7% QoQ during the same period.
- The bank's operating profit declined by 76.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.5% in 3QFY19 as against 98.2% in 2QFY18.
- Net profit for the quarter declined by 28.5% QoQ, while net profit margins declined from 12.5% in 2QFY18 to 9.6% in 3QFY19.
To see how DHFL has performed over the last eight quarters, please visit here.
DHFL Share Price Performance
Over the last one year, DHFL share price has moved up from Rs 596.2 to Rs 194.5, registering a Loss of Rs 401.7 or around 67.4%.
Overall, the S&P BSE SENSEX is down 0.6% over the year.
Current Valuations
At the current price of Rs 194.5, the price to earnings (P/E) ratio of DHFL stands at 3.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.
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