HDFC quarterly net profit up 23.27 percent

HDFC quarterly net profit up 23.27 percent

Last Updated: Tue, May 10, 2011 11:35 hrs
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Housing finance major HDFC Tuesday reported a 23.27 percent rise in net profit for the quarter ended March 31 at Rs.1,141.95 crore compared to Rs.926.3 crore in the year-ago period.

Total income went up 30.5 percent to Rs.3,784.8 crore for the quarter under review, according to a company statement.

For the whole of 2010-11, the net profit rose 25 percent to Rs.3,534.96 crore compared to Rs.2,826.49 crore for the year ended March 31, 2010.

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Segment wise, the company's housing loan business income rose to Rs.13,238 crore in the last fiscal, while the insurance business contributed Rs.11,085.71 crore towards revenues.

The company declared a dividend of Rs. 9 per equity share of Rs. 2 each for the fiscal 2010-11.

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