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Business Economy


HDFC Q4 net profit rises by 26.80 pc

HDFC Q4 net profit rises by 26.80 pc

Mumbai, May 13 (UNI) Housing Development Finance Corporation LTD (HDFC) has posted a rise of 26.80 per cent in its net profit for the quarter ended March 31, 2019 at Rs 2,861.58 crores as against Rs 2,

256.68 crores for the same quarter a year ago period.

Total income for the quarter grew by 24.29 percent to Rs 11,586.58 crores as compared to Rs 9,322.36 crores for the quarter ended March 31, 2018, company said in a filing with BSE.

Net profit for the financial year ended March 31,2019 grew by 34.09 per cent to Rs 17,580.51 crores as against Rs 13,111.21 crores for the year ended March 31, 2018.

Total income for the financial Year ended March 31, 2019 rose by 20.52 per cent to Rs 96,194.87 crores as compared to Rs 79,819.60 crores for the year ended March 31, 2018.

The board of directors of company at its meeting held on Monday has recommended a final dividend of Rs 17.50 per equity share of face value of Rs. 2 each for the financial year 2018-19. The total dividend for the year (including the interim dividend of Rs. 3.50 per equity share) is Rs. 21 per equity share as against Rs. 20 per

equity share for the previous year.

UNI JS NV HK RHK1444

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