HDFC Q4 net rises over 16 per cent to Rs1,326 crore

Housing Development Finance Corporation Ltd has posted a net (after-tax) profit of Rs1,326.14 crore for the fiscal fourth quarter ended 31 March 2012 - a 16.13 per cent increase from a net profit of Rs1,141.95 crore during the quarter ended 31 March 2011.

Total income of the housing finance major during the quarter ended 31 March 2012 stood at Rs4,891.03 crore, against Rs3,784.86 crore during the quarter ended 31 March 2011.

For the financial year 2011-12 ended 31 March 2012, HDFC posted a net profit of Rs4,122.62 crore, against Rs3,534.96 crore during the year ended 31 March 2011.

Total income of HDFC during the year 2011-12 increased to Rs17,354.28 crore, from Rs12,878.07 crore during the year ended 31 March 2011 - a 34.76 per cent increase year-on-year.

The group has posted a profit after tax attributable to the corporation of Rs5,462.51 crore for the year ended 31 March 2012, against Rs4,528.41 crore for the year ended 31 March 2011.

Total group income increased to Rs29,957.53 crore during the year ended 31 March 2012 a 16.15 per cent increase from Rs25,792.63 crore during the year ended 31 March 2011.
 
The board of directors of HDFC, at its meeting today, inter alia recommended payment of dividend at the rate of Rs11 per share of face value Rs2 each for the financial year 2011-12 (against Rs9 per equity shares of face value of Rs2 each last financial year). The dividend, once approved by members will be dispatched/ remitted to the shareholders after the ensuing annual general meeting, HDFC said in a filing with the Bombay Stock Exchange (BSE).

The register of members and share transfer books of the company will remain closed from 26 June 2012 to 11 July 2012 (both days inclusive) for the purpose of payment of dividend and the 35th AGM of the company to be held on 11 July 2012, HDFC said.

Dividend will be paid lo those members whose names appear in the register of members of HDFC as at the close of business hours on 25 June 2012, it added.