HDFC Q4 net profit at Rs 2,861.6 cr, recommends dividend of Rs 17.50

Housing Development Finance Corporation (HDFC) has reported fourth quarter (Q4FY19) standalone net profit at Rs 2,861.6 crore on the revenue of Rs 11,580 crore.

The results are not comparable to earlier earnings as the company has shifted to new accounting standards.

The board has recommended final dividend of Rs 17.50 per share.

Its Gross NPA was at 1.18% against Rs 1.22%, while individual gross NPA was at 0.70% and non-individual gross NPA at 2.34%, QoQ.

The company’s Q4 net interest income (NII) rose 6 percent at Rs 3,183.3 crore versus Rs 3,001.8 crore in a year ago period.

The company’s loan growth stood at 13.8 percent, YoY. The net interest margin was down at 3.3 percent versus 3.5 percent, QoQ.
At 12:18 hrs Housing Development Finance Corporation was quoting at Rs 1,954.00, up Rs 22.85, or 1.18 percent.

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