{"id":10570,"date":"2018-05-01T18:44:15","date_gmt":"2018-05-01T18:44:15","guid":{"rendered":"http:\/\/faceinews.com\/?p=10570"},"modified":"2018-05-01T18:45:42","modified_gmt":"2018-05-01T18:45:42","slug":"dhfl-q4-net-profit-up-by-26-at-inr-312-4-crore","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=10570","title":{"rendered":"DHFL Q4 Net Profit up by 26% at INR 312.4 Crore"},"content":{"rendered":"

\"????????????????????????????????????\"<\/a>
\n~Assets Under Management (AUM) grew by 33% year-on-year, reaching Rs 111,086<\/strong>
\n crore~<\/strong><\/p>\n

~Keeping up a robust retail growth of 61%~<\/p>\n

\"Faceinews<\/a><\/p>\n

Highlights for Financial Year ended March 31, 2018<\/strong><\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Net profit increased by 26%\u00a0 to Rs 1172.1 crore for the year ended<\/strong>
\n March 31, 2018 (Without Exceptional Income)<\/strong><\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Profit before tax rose by 25% to Rs 1,756.6\u00a0 crore for the year
\nended March 31, 2018<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Total income rose by 18% to Rs 10,464.5 crore for the year ended
\nMarch 31, 2018<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Loan Book Outstanding grew 28% to Rs 91,932 crore YOY\u00a0 for the
\nyear ended March 31, 2018<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Asset Under Management (AUM) grew 33 % to 111,086 crore for the
\nyear ended March 31, 2018<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0The Board of Directors, have recommended final dividend of Rs.
\n2.50 per equity share to the equity shareholders, total dividend (including
\ninterim dividend): Rs. 5.50 per equity share (Previous Year: Rs. 4.00 per
\nshare)<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Gross NPA stood at 0.96%<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Net Interest Margin stood at 3.04%<\/p>\n

\"DHFL<\/a><\/p>\n

Mumbai \/ Chennai , April 30, 2018: DHFL, one of India’s leading housing
\nfinance company, today announced its annual results for the year ended March
\n31, 2018. The company registered a net profit growth of 26 % to Rs 1,172.1
\ncrore for the year ended March 31, 2018.<\/p>\n

Assets Under Management (AUM) grew by 33% year-on-year, reaching Rs 111,086
\ncrore from Rs 83,560 crore as on March 31, 2018.<\/p>\n

Commenting on the company’s financial performance, Mr. Kapil Wadhawan,
\nChairman and Managing Director, DHFL said, “DHFL has registered robust
\nbusiness growth in the fourth quarter as we continue to take several
\nproactive steps towards the fulfillment of DHFL’s mission to enable
\nhomeownership. On an overall basis FY 2017 -18 has been encouraging for the
\nhousing finance sector which witnessed several growth oriented initiatives
\nand industry defining policy measures undertaken by the government.<\/p>\n

DHFL’s focus is towards maintaining its leadership in an exciting landscape,
\nleveraging its competitive strengths and expanding customer outreach
\nstrategies in Tier 2 \/3 towns through unique initiatives like the Griha
\nUtsav exhibitions. With the team’s unwavering commitment we are confident of
\nreporting a stronger performance.<\/p>\n

On the portfolio diversification side, DHFL has for the first time
\nsuccessfully raised USD 150 million by issuing masala bonds on the London
\nStock Exchange, making it’s debut listing in the international market. This
\nprovides greater impetus to our growth strategy, while allowing
\ninternational investors to participate in the high potential affordable
\nhousing story in India.<\/p>\n

DHFL’s mission is to engender socio-economic change across India. Supported
\nby our strategic expansion initiatives, DHFL is taking committed steps in
\nexpanding financial literacy actively across India, which is key to India
\nachieving its mission of Housing For All by 2022.”<\/p>\n

Performance Details for the year ended March 31, 2018 as compared to the
\ncorresponding period of the previous year<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0Net profit increased by 26% to Rs. 1,172.1 crore for the year ended
\nMarch 31, 2018 as against Rs. 927.0 crore in FY17
\n*\u00a0 \u00a0 \u00a0 \u00a0Profit before tax rose by 25 % to Rs. 1,756.6 crore for the year
\nended March 31, 2018 as against Rs. 1,402.4 crore in FY17
\n*\u00a0 \u00a0 \u00a0 \u00a0Loan Book Outstanding grew 28% to Rs. 91,932 crore for the year
\nended March 31, 2018 as against Rs. 72,096 crore in FY17
\n*\u00a0 \u00a0 \u00a0 \u00a0Total Income up by 18 % to Rs 10,464.5\u00a0 crore for the year ended
\nMarch 31, 2018 as against Rs. 8,857.2 crore in FY17<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0The Board of Directors, have recommended final dividend of Rs.
\n2.50 per equity share to the equity shareholders, total dividend (including
\ninterim dividend) Rs. 5.50 per equity share (Previous Year: Rs. 4.00 per
\nshare)<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0Gross NPA stood at 0.96%
\n*\u00a0 \u00a0 \u00a0 \u00a0Net Interest Margin stood at 3.04%<\/p>\n

Performance Details for the quarter ended March 31, 2018 as compared to the
\ncorresponding period of the previous year:<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0Net profit increased by 26% to 312.4 crore for the quarter ended
\nMarch 31, 2018 as against Rs 248.2 crore in the corresponding quarter of the
\nprevious year
\n*\u00a0 \u00a0 \u00a0 \u00a0Profit before tax rose by 28 % to Rs 479.9 crore for the quarter
\nended March 31, 2018 as against Rs 375.6 crore in the corresponding quarter
\nof the previous year
\n*\u00a0 \u00a0 \u00a0 \u00a0Loan book outstanding grew 28 % to Rs. 91,932 crore during the
\nquarter ended March 31, 2018 as against Rs 72,096 crore in the corresponding
\nquarter of the previous year
\n*\u00a0 \u00a0 \u00a0 \u00a0Loan disbursements were Rs 15,768 crore for the quarter ended March
\n31, 2018, showing an increase of 81% over the corresponding period of the
\nprevious year
\n*\u00a0 \u00a0 \u00a0 \u00a0Total Income was up by 18% to Rs. 2,808.2 crore during the quarter
\nended March 31, 2018 as against Rs 2,377.7 crore in the corresponding
\nquarter of the previous year
\n*\u00a0 \u00a0 \u00a0 \u00a0Gross NPA stood at 0.96 % .
\n*\u00a0 \u00a0 \u00a0 \u00a0Net Interest Margin stood at 3.03%.<\/p>\n

DHFL holds leadership position in the affordable housing sector with
\nmajority of its home loan portfolio catering to the Lower and Middle Income
\n(LMI) segment. DHFL’s average loan ticket size at the portfolio level stands
\nat Rs. 15.2 lakhs. DHFL’s robust performance continues to be driven by its’s
\nstrong focus on the LMI segment in Tier 2 and 3 markets. The company offers
\na range of home loan products including home loan, home extension loan, home
\nimprovement loan, plot loans, mortgage loan, project loan, SME Loan and
\nnon-residential property loan to all customer segments across India,
\nretaining its concerted focus on the low and middle income segment.<\/p>\n

Key highlights:<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0Raised USD 150 million through the issuance of masala bonds – In a
\nlandmark development, for the first time in its history, DHFL successfully
\nraised USD 150 million through the issuance of masala bonds on the London
\nStock Exchange, which is an excellent platform for Indian issuers. This is
\nDHFL’s debut listing in an international stock market, allowing DHFL to
\ndiversify its fund raising strategy as well as offering international
\ninvestors an opportunity to participate in the high growth potential of the
\nIndian affordable housing story.
\n*\u00a0 \u00a0 \u00a0 \u00a0Proposal of raising of funds by way of a public issue of Secured
\nRedeemable Non-Convertible Debentures (“NCDs”) of face value Rs. 1,000 each,
\nsubject to the receipt of necessary approvals, for an amount upto Rs.15,000
\ncrore (Rupees Fifteen Thousand Crore only) (including the green shoe
\noption), in one or more tranches, in terms of the provisions of the
\nSecurities and Exchange Board of India (Issue and Listing of Debt
\nSecurities) Regulations, 2008, the Companies Act 2013 and other applicable
\nlaws (the “Issue”).
\n*\u00a0 \u00a0 \u00a0 \u00a0DHFL Griha Utsav – Successfully conducted 31 Griha Utsav exhibitions
\nin the financial year 2017-18, which saw overwhelming participation from
\nlocal customers and several affordable housing developers. Planning to host
\n100 Griha Utsav exhibitions in the new fiscal.\u00a0 Provided attractive offers
\nincluding waivers on processing fees, spot sanctions on home loans and
\nattractive interest rate, while introducing the DHFL brand to LMI customers
\nacross India.<\/p>\n

Dividend<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0The Board of Directors, have recommended final dividend of Rs.
\n2.50 per equity share to the equity shareholders, total dividend (including
\ninterim dividend): Rs. 5.50 per equity share (Previous Year: Rs. 4.00 per
\nshare)<\/p>\n

Distribution Network<\/p>\n

DHFL is today one of India’s leading housing finance companies reporting
\nsteady growth year-on-year. It also has one of the largest distribution
\nnetworks in the country, across 349 locations spanning metros, Tier 2 and3
\ntowns. With the help of such penetration, in-depth consumer insights,
\nlocalized talent, focused marketing and sales initiatives, DHFL has been
\nproviding meaningful financial access to customers. To further expand
\ncustomer outreach, DHFL also partners with public and private sector banks<\/p>\n

Awards & Recognition<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Acknowledged as the ‘Best Performing Primary Lending Institution
\nunder CLSS for MIG’ for disbursement under PMAY scheme – With the objective
\nof facilitating the government’s mission ‘Housing for All by 2020’, DHFL has
\nprovided highest number of credit subsidies for MIG 1 and MIG 2 groups under
\nthe Credit Link Subsidy Scheme (CLSS).\u00a0 For this achievement ‘My Liveable
\nCity’ along with knowledge partner, ‘National Housing Bank’ have felicitated
\nDHFL as the ‘Best Performing Primary Lending Institution under CLSS for MIG.<\/p>\n

*\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Kapil Wadhawan awarded the Best Leader In Financial Services by
\nBusiness Today – DHFL’s Chairman and Managing Director, Kapil Wadhawan was
\nawarded the title of Best CEO in the Financial Services category by Business
\nToday, at their flagship event BT MindRush on January 13, 2018. Mr. Wadhawan
\nwas unanimously chosen by a high-powered jury, based on a rigorous
\nevaluation of DHFL’s performance under his leadership over the past three
\ndecades. A quantitative and qualitative assessment of the group’s total
\nstakeholder returns, revenue and profit growth was conducted to arrive at
\nthis decision.<\/p>\n

India’s Affordable Housing Finance Landscape<\/p>\n

According to India Ratings as of June 2017, the AUM of the affordable
\nhousing sector was around Rs 1.5 trillion and is expected to increase four
\ntimes to Rs 6 trillion by FY22. An overall positivity propelled by a
\ncombination of factors, is expected to push growth in the housing finance
\nindustry over the long term. Increased government support to developers as
\nwell as buyers augurs well for the industry.<\/p>\n

The Real Estate Regulation Act (RERA) has significantly boosted transparency
\nto infuse more dynamism into the sector. The government’s efforts to
\nincentivise the housing finance industry, coupled with greater transparency
\nin the sector, continues to provide an upward thrust to the housing finance
\nmarket, with CRISIL Research forecasting finance penetration in urban areas
\nto increase between FY 2016-17 and FY 2021-22.<\/p>\n

Amongst the government initiatives expected to steer industry growth are the
\ncredit-linked subsidy scheme (in terms of interest rate subsidy, under the
\nPradhan Mantri Awas Yojana (PMAY), and grant of infra status to affordable
\nhousing.\u00a0 The government is continuously strengthening its focus on its
\n‘Housing for All by 2020’ Mission, with the Union Budget for FY2017-18 once
\nagain allocating a sizeable corpus for the same. The government’s decision
\nto establish a dedicated affordable housing fund in the National Housing
\nBank (NHB) through various funding measures is another positive development.<\/p>\n

The RBI is also contributing to the industry’s positive outlook with a
\nseries of measures, as announced in its June 2017 Monetary Policy. These
\ninclude reduction in standard assets provisioning, conditional relaxation of
\nrisk-weights, singular taxation structure of Goods & Services Tax and
\nloan-to-value (LTV) ratios. Other favourable factors for businesses are the
\nwaning impact of demonetisation, low interest rates and rising income
\nlevels, coupled with government and RBI initiatives to support growth. The
\nretail housing finance outstanding loan portfolio is projected to expand at
\n18-20% CAGR, from Rs. 14.3 trillion in FY 2016-17 to Rs. 33.5 trillion in FY
\n2021-22.<\/p>\n

DHFL<\/p>\n

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan, with a vision
\nto provide financial accessibility to lower and middle income customer
\nsegments among semi-urban and rural populace in India. Led by Mr. Kapil
\nWadhawan, Chairman and Managing Director, DHFL is one of the leading housing
\nfinance companies in India with a large network across the country that
\ncaters to millions of customers in the LMI category. DHFL has been rated
\nCARE AAA (Triple A) and assigned BWR AAA from Brickworks Rating.<\/p>\n

Over the last 33 years, DHFL has provided customers with a vast array of
\nhome loan products including loans on homes, residential plots,
\nconstruction, LAP or loan against property as also mortgage, non-residential
\nand project loans. The company’s wide network, deep understanding of
\ncustomer needs gathered over time, enables DHFL to offer customised
\nfinancial access to LMI customers in India’s smallest towns. With strong
\nbusiness fundamentals and proven industry expertise, DHFL is a highly
\nrespected and trusted financial services company with a concerted focus
\ntowards enabling home ownership to the LMI customer segment in India. DHFL’s
\nCSR efforts are an integral part of the Company’s ethos, fulfilling critical
\nsocietal needs through Economic Empowerment through Financial Literacy,
\nSkill Development, Rural Development with focus on Drought Mitigation and
\nEarly Childhood Care and Education (ECCE), implemented with measurable
\noutcomes. DHFL also has representative offices in Dubai, London and the UAE.
\nFor further information, please visit\u00a0www.dhfl.com<\/a><\/p>\n

Wadhawan Global Capital Pvt. Ltd (WGC)<\/p>\n

Wadhawan Global Capital Private Limited (WGC) is a leading financial
\nservices group in India. WGC manages over US$ 19 billion of assets through
\nits lending, investment and insurance platforms. WGC has partnered with
\nleading financial institutions such as International Finance Corporation
\n(IFC), Washington, Prudential Financial Inc., United States. WGC is the
\npromoter entity of Dewan Housing Finance Corporation Limited (DHFL) and
\nparent company to some of the most prominent brands in India. Its flagship
\ncompany, DHFL is a market leader with over three decades of experience in
\nfinancing affordable housing. Other Notable brands owned by WGC are Aadhar
\nHousing Finance, Avanse Financial Services, and DHFL General Insurance. The
\ncompany also has a London-based wholly-owned subsidiary Wadhawan Global
\nCapital (UK) Ltd.<\/p>\n

For more information, please visit\u00a0www.wgcworld.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

~Assets Under Management (AUM) grew by 33% year-on-year, reaching Rs 111,086 crore~ ~Keeping up a robust retail growth of 61%~ Highlights for Financial Year ended March 31, 2018 *\u00a0 \u00a0 \u00a0 \u00a0 \u00a0Net profit increased by 26%\u00a0 to Rs 1172.1 crore for the year ended March 31, 2018 (Without Exceptional Income) *\u00a0 \u00a0 \u00a0 \u00a0 […]<\/p>\n","protected":false},"author":2,"featured_media":10572,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-10570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/10570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10570"}],"version-history":[{"count":3,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/10570\/revisions"}],"predecessor-version":[{"id":10575,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/10570\/revisions\/10575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/10572"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}