DHFL gains after reporting Q2FY19 results

DHFL reported robust standalone financial results for the second quarter ended September 2018 on Wednesday. The stock gained more than 5 per cent during the intraday trade.

Total revenue from operations increased to Rs. 3,515.66 crore in Q2FY19 from Rs. 2,627.85 crore in Q2FY18, registering an increase of 33.78 per cent. EBITDA increased to Rs. 3,081.37 crore in Q2FY19 from Rs. 2,346.25 crore in Q2FY18, posting a growth of 31.33 per cent. Profit for the period rose to Rs. 438.74 crore in Q2FY19 from Rs. 287.78 crore in Q2FY18, registering a climb of 52.45 per cent.

On a QoQ basis, total revenue from operations improved to Rs. 3,515.66 crore in Q2FY19 from Rs. 3,154.22 crore in Q1FY19, posting a growth 11.45 per cent. EBITDA increased to Rs. 3,081.37 crore in Q2FY19 from Rs. 2,833.5 crore in Q1FY19, thereby rising 8.74 per cent. Subsequently, profit after tax surged to Rs. 438.74 crore in Q2FY19 from Rs. 435.02 crore in Q1FY19, thus, rising 0.85 per cent.

On a half-yearly basis, total revenue from operations stood at Rs. 6,669.88 crore in H1FY19 as against 5,126.57 crore in H1FY18, posting a growth of 30.10 per cent. EBITDA stood at Rs. 5,914.87 crore in H1FY19 in comparison to Rs. 4,622.58 crore in H1FY18, thereby rising 27.95 per cent. Consequently, profit for the period stood at Rs. 873.76 crore in H1FY19 versus Rs. 610.20 crore in H1FY18, thereby, registering a climb of 43.19 per cent.

On Wednesday, the shares of DHFL opened at a price of Rs. 227.70 per share, and hit a high and low of Rs. 238.65 per share and Rs. 224.45 per share, respectively. The stock closed at Rs. 234.90 per share, up 4.38 per cent.