HDFC Bank Q4 net at Rs 631 cr, declares 100 pc dividend | business | Hindustan Times
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HDFC Bank Q4 net at Rs 631 cr, declares 100 pc dividend

The country's second largest private sector lender HDFC Bank today reported a net profit of Rs 630.88 crore in the fourth quarter of the financial year ended March 31, 2009.

business Updated: Apr 23, 2009 19:15 IST

The country's second largest private sector lender HDFC Bank on Thursday reported a net profit of Rs 630.88 crore in the fourth quarter of the financial year ended March 31, 2009.

The bank had a net profit of Rs 471.11 crore in the March quarter of FY'08, it said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 5,385.52 crore during the March quarter, from Rs 3,505.52 crore in the year-ago period.

Last year, the bank had merged Centurion Bank of Punjab with itself. Hence, the results for the quarter and fiscal are not comparable with that of the year-ago period, it stated.

The board has declared a 100 per cent dividend for the equity shareholders at the rate of Rs 10 a share, for the fiscal year ended March 31.

For the financial year ended March 2009, HDFC Bank reported a net profit of Rs 2,244.95 crore. It had a net profit of Rs 1,590.18 crore in FY'08.

The bank's interest income for the quarter stood at Rs 4,250.83 crore, while the interest expenditure was at Rs 2,398.83 crore.

The total income rose to Rs 19,622.88 crore in FY'09, from Rs 12,398.15 crore in the last fiscal.