Dewan Housing - Q2 Result Update

Financial Results & Limited Review for Sept 30, 2013
Link: Click Here

The company was able to show only single digit growth in the quarter on sequential basis, mainly because of sluggish economy.
Revenues stands at 1166 Cr vs 816 Cr YoY, which represents a growth about 43%.
Net Profit stands at 125 Cr vs 86 Cr YoY, which represents a growth of 45%.
So, all in all, very decent set of numbers when compared with previous year, but is more or less flat, on quarterly basis, which is not a surprise, it was expected.

DHFL expects to disburse loans worth Rs 15,000 crore in the full year.

So far, it has disbursed loans worth Rs 6,874 crore.

Much of the demand for home loans, the company spokesperson said, is coming from the outskirts of tier-I cities and from tier-II and tier-III cities.

The stock had outperformed the market over the past one month till 21 October 2013, rising 33.16% compared with the Sensex's 3.11% rise.

My Views:
The company has posted a good set of numbers and it is justified by the performance of stock in past 1 month or so. But again, would advice, not to get carried away by movements here and there, as it is a long term story. Those who are already holding can continue to hold, if ready to wait for longer period. One can even buy at current price for longer term, and keep on averaging it, on every dips.