HDFC Q4 up to Rs. 733.37 crore

HDFC Q4 up to Rs. 733.37 croreHousing Development Finance Corporation (HDFC), on Monday announced its fourth quarter results. It has seen its net profit rise from Rs 733.37 crore during last year to touch Rs. 926.38 crore. This means a growth of 26.33 per cent year-on-year.

The home loan lender saw its net interest income increase to Rs 1,287 crore as against Rs 1,081 crore, during lasrt year. On the income front, it saw the total income decline from Rs. 3, 152.44 crore to Rs. 2,899.32 crore, a decline of 8.02 per cent.

Meanwhile, the consolidated profit of the bank jumped 40 per cent to touch Rs. 3, 241 crore. Approval figure stood at Rs 19,501 crore, a rise of 27 per cent and the total disbursement were Rs. 16,886 crore, which is 35.75 per cent higher than the last year.

After the results, HDFC Bank also declared a dividend of Rs. 36 per share and allowed for 5:1 stock split.

Talking about this, Keki Mistry, Vice-Chairman and CEO, HDFC said that the bank has seen a rise in almost every aspect and that is a very good sign.

He also said that net interest margin (NIM) was 4.3 per cent and return on equity (RoE) increased by 20 per cent.