The board has approved dividend of Rs 17.50 per share.
Housing Development Finance Corporation (HDFC) has reported fourth quarter (Q4FY19) standalone net profit at Rs 2,861.6 crore on the revenue of Rs 11,580 crore. HDFC’s total income rose to Rs.11,586.58 crore in the March quarter, as compared to Rs.9,322.36 crore in the same period of the previous year.
For the quarter ended March 31, 2019, the net interest income stood at Rs.3,161 crore as compared to Rs.2,650 crore in the corresponding quarter of the previous year, a growth of 19%.
The company’s loan growth stood at 13.8 percent, YoY. The net interest margin was down at 3.3 percent versus 3.5 percent, QoQ.
The board has Announced a dividend of Rs 17.50 per share.
Its Gross NPA was at 1.18% against Rs 1.22%, while individual gross NPA was at 0.70% and non-individual gross NPA at 2.34%, QoQ.
The company’s Q4 net interest income (NII) rose 6 percent at Rs 3,183.3 crore versus Rs 3,001.8 crore.
A Housing Development Finance Corporation was quoting at Rs 1,957.00, up Rs 25.30, or 1.31 percent at the end of market hour.