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HDFC Q4 Net Profits Up 8 Per cent to Rs 1,862 Crores: Stock slips
Housing Development Finance Corporation (HDFC) posted a net profit after tax of Rs 1862 crore for the quarter ended March 31, 2015 as compared to Rs. 1723 crore for the quarter ended March 31, 2014.
Total Income has increased from Rs. 6647 crore for the quarter ended March 31, 2014 to Rs. 7456 crore for the quarter ended March 31, 2015.
The directors have recommended a final dividend of Rs 13.00 per share in addition to the interim dividend of Rs 2 per share.
The company said, the corporation has charged Rs 364 crore to its profit and loss account due to the deferred tax liability.
The shares of the HDFC was seen trading at Rs 1205, lower by 1.78 per cent on the BSE at 3.00 pm IST. It touched an intra-day low of Rs 1,192 during the trade.
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