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HDFC posts 39% YoY increase in Q4 net profit at Rs.2,846 crore

HDFC has posted a 39.2% YoY increase in its standalone net profit at Rs.2,846.22 crore, for the quarter ended March 31,2018. Last year in the same quarter, it had reported a profit of Rs.2,044.22 crore.

Total income of the company came in at Rs.9,633.89 crore which is up 13% YoY, against Rs.8,514.51 crore. NII for the company came in at Rs.3,617 crore which is up 12.4% YoY, against Rs.3,216 crore in the same period last year.

Furthermore, the company’s board has recommended a final dividend of Rs.16.50 per share, subject to the approval of the members at the upcoming annual general meeting.

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