HDFC consolidated profit jumps 30 pc to Rs22,826cr

Board proposes Rs21 dividend per share

MUMBAI: The housing financier major, HDFC Ltd, has reported a 30 per cent year-on-year growth in its consolidated net profit at Rs22,826 crore for the financial year ended March 31, 2020 compared with that of the previous year.

The housing finance company had posted consolidated net profit of Rs17,581 crore in the previous year.

For the January-March quarter or the last quarter of the financial year 2019-20, the company has posted a consolidated net profit at Rs4,341 crore compared with Rs4,811 crore for the corresponding quarter last year representing 1.08 drop.

HDFC’s board recommended a dividend of Rs21 per share of Rs2 each compared with a final dividend of Rs17.50 a share in the previous year.

While the consolidated revenue from operations rose by 10.25 per cent to Rs45,253 crore from Rs41,045 crore year on year, the net interest income for the year ended March 31, 2020 stood at Rs12,904 crore as against Rs11,457 crore the corporation posted for the previous year, representing an improvement of 13 per cent.

The revenue from operations fell by 42 per cent to Rs16,600 crore for Q4 compared with Rs 28,747 crore in the same quarter last year.

The NII rose by 14 per cent to Rs3,564 crore compared with Rs3,139 crore in the same quarter of the previous year.

As at March 31, 2020, the loan book stood at Rs4,50,903 crore as against Rs4,06,607 crore in the previous year, registering a growth of 11 per cent.

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