HDFC Q4 net profit rises 29% to Rs 3.961.17 crore, total income up 18%

NEW DELHI: Housing Development Finance Corporation (HDFC), India's largest mortgage lender reported at a 29 per cent rise (on year-on-year basis) in its net profit for the fourth quarter (December- March).

The profit for fourth quarter stood at Rs 3,961.17 crore, up from Rs 3,079.33 crore in the same quarter last year.

On an annual basis, profit of the company went up from Rs 11,051.12 crore last year to Rs 16,254.96 crore this fiscal.

The firm reported an 18 per cent hike in its total income to Rs 21, 248.79 crore.

The board of the company has recommended a dividend of Rs 16.50 per equity share of face value of Rs 2 each for the just concluded 2018 fiscal.