Wednesday, 8 May 2013



DHFL Net Profit up by 39.58% for FY 2012-2013 compared to the corresponding previous year


Highlights for year ended March 31, 2013
                                                                                                     (Amount in Rupees crore)


Year Ended March 31st, 2013
Year Ended March 31st, 2012*
Growth
(%)
Total Income
4,140.36
3,216.36
28.73
Profit After Tax
451.85
323.72
39.58
EPS (in Rupees)
38.47
30.60
25.72
Dividend
(Rupees per share)
5.00
3.50
42.86
Loan Sanctions
17,336.85
15,997.39
8.37
Loan Disbursements
13,357.73
11,306.34
18.14


*Figures for year ending 31st March 2012 pertain to consolidated financials of DHFL for year ended March 2012

DHFL, India’s leading housing finance company, today announced its annual results for FY 2012-13.



Audited Financial Results for FY 2012-13 (Note:  In the Press Release, FY13 Financials and ratios are compared with the Consolidated Financials and ratios of FY12)

§  Net Profit for FY2012-13 rose to Rs. 451.85 crore from Rs.323.72crore in the corresponding previous year, registering a growth of 39.58%
§  Profit Before Tax for the year ended 31st March, 2013 grew to Rs. 610.68 crore from Rs. 485.67 crore in the corresponding previous year, registering a growth of 25.74%
§  Total Income for FY2012-13 grew to Rs. 4,140.36 crore from Rs. 3,216.36 crore in the corresponding previous year, thereby registering a growth of 28.73%
§  Home Loan Sanctions increased to Rs. 17,336.85 crore in FY2012-13 from Rs. 15,997.39 crore during the corresponding previous year, thereby registering a growth of 8.37%
§  Disbursements grew to Rs. 13,357.73 crore in FY2012-13 as against Rs. 11,306.34 crore during the corresponding previous year, thereby registering a growth of 18.14%
§  AUM stood at Rs. 36,116.45 crore and Loan Portfolio stood at Rs. 33,901.72 crore as of 31st March, 2013
§  Earnings per Share (EPS) were Rs. 38.47 as on 31st March, 2013 as against Rs.30.60 as on 31st March, 2012
§  Gross NPA for the year ended 31st March 2013 stood at 0.68% as against 0.78 % in the corresponding previous year
§  Provisioning Coverage ratio as on 31st March 2013 stood at 113.8% as against 112.2% as on 31st March, 2012
§  Net Interest Income for FY2012-13 rose to Rs.763.67 crore from Rs.594.38 crore in the corresponding previous year, registering a growth of 28.48 %


Statement from Mr. Kapil Wadhawan, Chairman & Managing Director, DHFL

“It has been a successful financial year for the company. This is also the first year where post merger with First Blue Home Finance, the results have been consolidated. I am extremely optimistic about the growth prospects and believe that without moving away from DHFL’s focus towards the lower and middle income (LMI) segment, we will post robust growth over the next few years. The numbers are a reflection of DHFL’s strong commitment to the sector over the last three decades.”


Accolades

·         DHFL was adjudged “The Greatest Corporate Leaders of India Award”, for the year 2012-13, by the Leadership Awards, in Financial Services.
·         DHFL was awarded the “Most Trusted Financial Brands” in India, by the Brand Trust Report, for the year 2012-13.
·         DHFL Marketing Head was awarded the “Super Achievers Awards”, by the 11th Indira Super Achievers awards, for Professional Executives.
·         DHFL Ground Head, Human Resources, won the “HR Warrior Awards Making Difference 2012”.
·         DHFL won the “Marketer of the Year”, by the Realty Plus Excellence Awards, for the year 2012.

DHFL Credit Ratings

Long-term ratings: CARE AA+, BWR AAA and Short-term rating by CRISIL A1+


About DHFL

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segment of the society. Led by Mr. Kapil Wadhawan, CMD, DHFL, the company is reckoned as one of India’s leading housing finance company in India with a network across 447 locations.

The company’s representative offices in Dubai and London cater to Non-Resident Indians (NRIs) in their requirement for housing finance for purchase of residential properties in India.

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