HDFC quarterly net profit up 23.27 percent

HDFCMumbai, May 10 : 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.

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.(IANS)