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HDFC net profit plunges 4.50% in Q4

May 4, 2009

Housing Development Finance Corporation (HDFC) has announced its financial results for the fourth quarter & year March 31, 2009.

The company has posted a net profit of Rs 733.37 crore in the fourth quarter against a net profit Rs 768.12 crore in the corresponding previous quarter, a dip of around 4.50%. The total income stood at Rs 3,152.44 crore against Rs 2,317.67 crore, registering a growth of 36% on YoY basis.

The company’s net profit for the entire fiscal stood at Rs 2,282.54 crore against Rs 2,436.25 crore in the previous fiscal, a dip of around 6%. The total income stood at Rs 10,992.43 crore against Rs 8,062.80 crore registering a growth of 36% on YoY basis.

The consolidated net profit for the entire fiscal stood at Rs 2,310.50 crore against Rs 2,713.00 crore in the year-ago period, a fall of around 15%. The total income stood at Rs 11,684.23 crore against Rs 8,679.21 crore registering a growth of 34% on YoY basis.

The board of the company has recommended the dividend of 300% i.e. Rs 30 per equity share of Rs 10 each for FY09.

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