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HDFC Q4 net rises 9.6% at Rs 2,646.35 cr; meets estimates

By Religare

Leading housing finance provider Housing Development Finance Corporation Ltd on Wednesday reported a growth of 9.6 per cent in its consolidated net profit after taxes (PAT) at Rs 2,646.35 crore, in line with analyst estimates, for the fourth quarter ended March 31, 2015.

"The consolidated PAT of the financial services provider stood at Rs 2,414.7 crore during the same period a year ago," Housing Development Finance Corporation Ltd said in a filing to the Bombay Stock Exchange on April 29, 2015.


Further, the consolidated total income of housing finance company increased by 19.9 per cent at Rs 14,737.4 crore during Q4 FY-15, as compared to Rs 12,296.02 crore during the same period last year.

On full year basis, the company's consolidated net profit rose by 10.3 per cent to Rs 8,762.62 crore compared to Rs 7,947.82 crore in previous financial year. Money lender's total income stood at Rs 48,390.03 crore for the year ended March 2015 as against Rs 40,814.56 crore in 2013-14. On standalone basis, HDFC's standalone profit rose 8 per cent in January-March 2015 to Rs 1,862 crore, from Rs 1,723 crore in the corresponding period a year ago, impacted by deferred tax liability. On the otherhand total income increased 12 per cent to Rs 7,456 crore from Rs 6,648 crore a year ago.

HDFC's deferred tax liability during January-March quarter was Rs 119.77 crore against Rs 87.29 crore in December quarter and nil in the year-ago period.The company's loan book as on March 2015 was Rs 2,28 lakh crore, a growth of 15.7 per cent compared to Rs 1.97 lakh crore in previous year.

The board of company has recommended a final dividend of Rs 13 per equity share of face value of Rs 2 each for the financial year 2014-15. The total dividend for the year (including the interim dividend of Rs 2 per equity share) is Rs 15 per equity share as against Rs 14 per equity share for the previous year, the company said in a statement.

Meanwhile, shares of HDFC ended on Wednesday at Rs 1,201.80 apiece, down 2.11 per cent, from previous close on BSE.

Story first published: Wednesday, April 29, 2015, 23:00 [IST]
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