HDFC Q4 net jumps 31 percent to Rs.3,460 cr

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SME Times News Bureau | 03 May, 2016
Housing Development Finance Corp (HDFC) on Monday reported a 30.76 percent rise in consolidated net profit at Rs.3,460.46 crore for the forth quarter ended March, as against Rs.2,646.35 crore in the same quarter of 2014-15.

In a stock exchange filing, the company said its net profit for the entire last fiscal, was up 16.29 percent at Rs.10,190.26 crore as against Rs.8,762.62 crore recorded last year.

HDFC also recommended a final dividend of Rs.14 per share, in addition to the interim dividend of Rs.3. On standalone basis, the company reported a net profit of Rs.2,607.05 crore for the fourth quarter, as compared to Rs.1,862.43 crore in same period a year ago.

For the full fiscal, standalone net profit was Rs.7,093.1 crore, as against Rs.5,990.14 crore.

HDFC stock closed on Monday at Rs.1092.75 a share, up 3.95 points, or 0.36 percent, over its previous close on the Bombay Stock Exchange.