Mumbai: The country’s largest housing finance company, Housing Development Finance Corp (HDFC), Monday said it has reported a 4.52% decline in net profit at Rs733.37 crore for the fourth quarter ended 31 March 2009.
The housing lender had a net profit of Rs768.12 crore in the March quarter of FY’08, HDFC Ltd said in a filing to the Bombay Stock Exchange.
The total income rose 36% to Rs3,152.44 crore during the March quarter, from Rs2,317.67 crore in the corresponding period a year ago.
The board has declared a dividend of Rs30 a share for the financial year ended March 2009 on shares of face value of Rs10 each.
For the financial year ended 31 March HDFC Ltd posted a consolidated profit after tax (attributable to the Corporation) of Rs2,310.50 crore, a 14.84% dip over Rs2,713 crore in FY’08.
The consolidated total income rose 34.62% to Rs11,684.23 crore for FY’09.
Shares of HDFC were trading at Rs1,933.05, up 11.64% in late afternoon trade on the BSE.