Housing Development Finance Corporation Ltd announced that it has posted an increase of 16% in its net profit during January- March quarter at Rs 1,326 crore from Rs 1,142 crore in the corresponding period last year.

The mortgage finance provider’s has also registered a growth of 24% in the net interest income.

In the meantime, during the fourth quarterly period, the company’s net interest income remained at Rs 1,866.76 crore as compared to Rs 1,510.6 crore reported in the corresponding period last year.

HDFC’s overall income soared up 29.4% in the period under review to Rs 4,885 crore as against Rs 3,774 crore.

In the meantime, HDFC registered a steep decline in the profit on sale of investments to Rs 79 crore from Rs 134 crore in the same period of the previous year.

In addition, HDFC has also announced a dividend of Rs 11 per share.

In 2011-12, the company developed its loan book by 20.3 to Rs 1.4 lakh crore.

The average size of the individual loans remained at Rs 19.5 lakh from Rs 18.6 lakh a year ago.

As on March 31, HDFC’s overall assets remained at Rs 1.67 lakh crore, a rise of 20% from Rs 1.39 lakh crore reported a year ago.