Aided by strong demand for home loans from individuals, HDFC reported 17% growth in fourth quarter net profit
Housing Development Finance Corporation (HDFC), the country's largest home finance company reported a 17% growth in its fourth quarter net profit on robust loan book.
For the quarter to end-March, the home loan company said its consolidated net profit rose to Rs2083 crore from Rs1776.7 crore while total revenues grew to Rs11042.9 crore from Rs9278 crore, same period last year.
HDFC said its full year net profit on a consolidate base increased to Rs6639.7 crore from Rs5462.5 crore while total revenues rose to Rs35986.9 crore from Rs30,302.9 crore a year ago period.
For the full year, HDFC has declared a dividend of Rs12.50 per share.
On Wednesday, HDFC shares ended 3.85% up at Rs885.6 on the BSE, while the benchmark Sensex closed marginally higher at 19,990.
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