HDFC Q4 Profit Falls 22% To Rs 2,233 Crore On Coronavirus COVID-19 ProvisionsPage Visited: 25
Mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 2,232.53 crore for the quarter ended March 31. That marked a decline of 21.98 per cent compared to the corresponding period a year ago. In a regulatory filing, HDFC said its total revenue from operations for the fourth quarter of financial year 2019-20 stood at Rs 11,975.72 crore. For the quarter ended March 31, 2019, the lender had registered a total revenue of Rs 11,580.05 crore.
HDFC’s board recommended a dividend of Rs 21 per equity share of face value of Rs 2 each for financial year 2019-20.
Shares in HDFC had ended 4.99 per cent lower at Rs 1,516.55 apiece on the BSE on Friday, ahead of the earnings announcement, underperforming the benchmark S&P BSE Sensex index which fell 0.84 per cent.