HDFC Q4 net profit up 22.63% | india | Hindustan Times
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HDFC Q4 net profit up 22.63%

HDFC posted 22.63% increase in net profit at Rs 426.52 crore for the fourth quarter ended March 31, 2006.

india Updated: May 02, 2006 17:46 IST

Housing Development Finance Corporation Ltd (HDFC) on Tuesday posted 22.63 per cent increase in net profit at Rs 426.52 crore for the fourth quarter ended March 31, 2006, as compared to Rs 347.79 crore for the same quarter in 2005.

The total income grew 29.77 per cent to Rs 1,239.90 crore in the quarter under review as against Rs 955.45 crore for the corresponding period in 2004-05, the company informed the Bombay Stock Exchange.

The Board has recommended a dividend of Rs 20 on shares of Rs 10 each, for the financial year 2005-06.

For the year ended March 31, 2006, HDFC has posted a net profit of Rs 1,257.30 crore as compared to Rs 1,036.59 crore for the year ended March 31, 2005.

The total income for 2005-06 stood at Rs 4,278.39 crore from Rs 3,410.08 crore in 2004-05.

The group's consolidated net profit after tax was Rs 1,349.15 crore for the year ended March 31, 2006, as compared to Rs 1,112 crore for 2004-05.

HDFC's consolidated total income stood at Rs 4,649.46 crore for 2005-06 as compared to Rs 3,685.60 crore in 2004-05.

The company's shares were trading at Rs 1,305, down 0.53 per cent at the BSE.