Millennium Post

HDFC Q4 net up 16% at Rs 1,326 cr

Housing finance lender HDFC Ltd on Monday reported 16 per cent jump in net profit at Rs 1,326.14 crore for the fourth quarter ended March 2012.

The company had net profit of Rs 1,141.95 crore in the January-March quarter of the previous fiscal, HDFC Ltd said in a filing to the BSE.

The total income rose to Rs 4,884.7 crore in the quarter ended 31 March, from Rs 3,774.1 core in the corresponding period a year ago, registering an increase of 29 per cent.

The board proposed a dividend of Rs 11 per share on the face value of Rs 2 each for the financial year 2011-12.

For the entire fiscal ended March 31, 2012, the company reported a 17 per cent rise in net profit at Rs 4,122.6 crore, compared to Rs 3,534.9 crore in 2010-11.

During the year, total income improved to Rs 17,332.9 crore from Rs 12,878.9 core in 2010-11.

Net interest margin of HDFC stood at 4.4 per cent at the end of March 2012.

Loan approvals during the year were Rs 90,154 crore as compared to Rs 75,185 crore in the previous year, representing a growth of 20 per cent.

At the same time, loan disbursements during the year grew by 18 per cent to Rs 71,113 crore as against Rs 60,314 crore in the previous year.

As at 31 March 2012, the loan book stood at Rs 1,40,875 crore as against Rs 1,17,127 crore in the previous year, an increase of 20 per cent.

During the year, HDFC sold loans amounting to Rs 4,978 crore.

With regard to asset quality, gross non-performing loans stood at Rs 1,069 crore at the end of 2011-12. This is equivalent to 0.74 per cent of the portfolio.

On consolidated basis, the net profit of the bank increased 21 per cent in 2011-12 to Rs 5,462.5 crore, against Rs 4,528.4 crore in the previous financial year.
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