HDFC reports 16.13% rise in Q4 net profit

HDFC has reported results for fourth quarter ended March 31, 2012

The company has posted a rise of 16.13% in its net profit at Rs 1326.14 crore for the quarter ended March 31, 2012 as compared to Rs 1141.95 crore for the same quarter in the previous year. Total income has increased by 29.43% at Rs 4884.75 crore for quarter under review as compared Rs 3774.13 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, the company has posted a rise of 16.62% in its net profit at Rs 4122.62 crore for the year ended March 31, 2012 as compared to Rs 3534.96 crore for the same period in the previous year. Total income has increased by 34.86% at Rs 17332.94 crore for year under review as compared to Rs 12852.93 crore for the period ended March 31, 2011.

On the consolidated basis, the company has posted a rise of 20.63% in its net profit at Rs 5462.51 crore for the year ended March 31, 2012 as compared to Rs 4528.41 crore for the same period in the previous year. Total income has increased by 16.17% at Rs 29930.45 crore for year under review as compared to Rs 25765.08 crore for the period ended March 31, 2011.

The company’s board of directors at its meeting held on May 07, 2012, has recommended a dividend of Rs 11 per equity share of face value of Rs 2 each for the financial year 2011-12 (Previous year: Rs 9 per equity share of the face value of Rs 2 each). The dividend if approved by the members will be dispatched/ remitted commencing from the day after the ensuing Annual General Meeting.