Q1 (April – June 2017) was fantastic as far as Housing Finance sector is concern.

Almost all the companies have shown strong performance in the quarter. The government led actions with the mission of Housing for All by 2022 and Pradhan Mantri Awas Yojana along with Real Estate Regulatory Authority (RERA) Bill has induced substantial positivity in the sector especially from a long term perspective.

For the numbers, the profits of the companies were UP in the range of 15% to 90%, while revenues were up in the range between 8% to 38%.

Market leader HDFC (Housing Development Finance Corporation) registered de-growth both in Profit and Income (were down by 3% and 17% respectively as compared to same period last year).

Star Performer in the Sector:

All the other companies expect that of HDFC were star performer from the sector, where in the companies have shown a healthy jump in profit and revenues as compared to the same period last year.

Here is the data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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Q4 was again fantastic as far as Housing Finance sector is concern. Almost all the companies have shown strong performance in the quarter. Click here for Q3 Results.

For the numbers, the profits of the companies were UP in the range of 18% to 49%, while revenues were up in the range between 10% to 24%.

Country’s largest housing finance company and market leader Housing Development Finance Corporation registered surprising negative growth in Profit (21.59% down) while company’s income was up roughly 10%.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 31 March 2017 was “Indiabulls Housing Finance, DHFL, Can Fin Homes and GIC Housing” where in the companies have shown 28% to 49% jump in profit and 14% to 23% jump in income as compared to the same period last year.

Dewan Housing Finance Corporation’s profit during the fourth quarter of 2016-17 soared to Rs 2,218 crore ( up by 1069% ) taking into account one-time exceptional gain of Rs 1,969.43 crore on stake sale in its insurance arm DHFL Pramerica Life Insurance to its wholly owned subsidiary DHFL Investments Ltd.

Here is the Data:

Sector Outlook:

FinBlab is very positive on the Housing Finance Sector. It is of the view that the current low mortgage penetration offers a huge opportunity for the Housing Finance sector to grow, supported by the country’s sustainable development cycle and the socio-economic transformation through long-term programs like (1) Smart Cities and (2) Make in India that has already been set in motion.

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Housing Finance Sector: Q4 ( JAN – MAR ’17 ) Results and Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.