HDFC Bank Q4 net vaults over 30 per cent to Rs1,453 crore
18 April 2012
HDFC Bank has reported a 30.4 per cent increase in its net profit, at Rs1,453.1 crore, for the fiscal fourth quarter ended 31 March 2012.
Total income of the private sector lender rose 32.1 per cent to Rs8,880 crore in the January-March quarter, from Rs6,724.3 crore in the year-ago period, HDFC Bank said in a filing with the Bombay Stock Exchange (BSE).
Net interest income (the difference between interest earned and given out) during the quarter rose to Rs3,388.3 crore, from Rs2,839.5 crore in the same quarter of the previous year - a growth of 19.3 per cent year-on-year.
The income growth was aided by a 22.2 per cent growth in advances and a core net interest margin (NIM) of 4.2 per cent for the quarter, the bank said.
The board of directors of HDFC Bank has proposed a dividend of 215 per cent (or Rs4.30 per share) on shares of face value Rs2 for the financial year ended 31 March 2012.
For the financial year 2011-12, the bank posted a net profit of Rs5,167.1 crore, an increase of 31.6 per cent from the Rs3,926.39 crore recorded in the previous year.