HDFC Bank Ltd.

HDFC Bank has reported results for the quarter and year ended March 31, 2013.

The Bank registered 30.06% growth in net profit of Rs 1889.84 crore for the quarter as compared to Rs 1453.08 crore for the quarter ended March 31, 2012. Bank’s total Income jumped by 21.08% to Rs 11127.54 crore for Q4FY13 from Rs 9189.93 crore for Q4FY12.

For the Year ended March 31, 2013, the bank’s net profit soared by 30.18% at Rs 6726.28 crore as compared to Rs 5167.07 crore for the year ended March 31, 2012. Its total income has increased by 24.54% to Rs 41917.49 crore for the year under review from Rs 33657.81 crore in the previous year.

On consolidated basis, profit for the year attributable to the Group stood at Rs 6869.64 crore for the year ended March 31, 2013 as compared to Rs 5247.02 crore for a year ago, up by 30.92%. Its total income grew by 25.76% at Rs 34185.72 crore from previous fiscal.

The bank’s board of directors at its meeting held on April 23, 2013, inter alia, have recommended a dividend of Rs 5.50 per equity share of Rs 2 each (i.e. 275%) out of the net profits for the year ended March 31, 2013