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.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.