HDFC Q4 net dips 4.5% to Rs 733 cr, declares dividend

The country's largest housing finance company, Housing Development Finance Corp (HDFC), said on Monday that it has reported a 4.52 per cent decline in net profit at Rs 733.37 crore for the fourth quarter ended March 31, 2009.

The housing lender had a net profit of Rs 768.12 crore in the March quarter of FY'08, HDFC Ltd said in a filing to the Bombay Stock Exchange.

The total income rose 36 per cent to Rs 3,152.44 crore during the March quarter, from Rs 2,317.67 crore in the corresponding period a year ago.

The board has declared a dividend of Rs 30 a share for the financial year ended March 2009 on shares of face value of Rs 10 each.

For the financial year ended March 31, HDFC Ltd posted a consolidated profit after tax (attributable to the Corporation) of Rs 2,310.50 crore, a 14.84 per cent dip over Rs 2,713 crore in FY'08.

The consolidated total income rose 34.62 per cent to Rs 11,684.23 crore for FY'09.

Shares of HDFC were trading at Rs 1,933.05, up 11.64 per cent in late afternoon trade on the BSE.