Explorer

HDFC Q4 Results: Housing Finance Major Logs 20 Per Cent Jump In Net Profit To Rs 4,425 Crore

The board declared an interim dividend for the year ended March 31 of Rs 44 per equity share of face value of Rs 2 each compared to a final dividend of Rs 30 per equity share in the previous year

HDFC, India's housing finance major, on Thursday clocked a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. The firm's profit in the January-March quarter of 2021-22 was Rs 3,700 crore, reported by PTI.

In a filing to stock exchanges, HDFC said there was an 18 per cent growth in the standalone profit after tax for the year ended March 31, 2023, at Rs 16,239 crore compared to Rs 13,742.18 crore in 2021-22. Assets under management stood at over Rs 7.2 lakh crore.

"After providing Rs 973 crore for tax, the reported profit after tax stood at Rs 4,425 crore compared to Rs 3,700 crore in the corresponding quarter of the previous year, representing a growth of 20 per cent," the lender said. The net interest income (NII) for the quarter ended March 31, 2023, stood at Rs 5,321 crore compared to Rs 4,601 crore in the previous year, representing a growth of 16 per cent.

The Board of Directors declared an interim dividend for the year ended March 31, 2023 of Rs 44 per equity share of face value of Rs 2 each compared to a final dividend of Rs 30 per equity share in the previous year, HDFC said.

The lender also said for the year ended in March 2023, the consolidated profit after tax attributable to the Housing Development Finance Corporation Limited (HDFC) stood at Rs 26,161 crore, a growth of 16 per cent year-on-year (YoY). 

Meanwhile, shares of housing finance major HDFC on Thursday climbed nearly 3 per cent after the firm reported a 20 per cent growth in standalone net profit for the March quarter. The stock advanced 2.64 per cent to finish at Rs 2,862.35 apiece on the BSE. During the day, it jumped 2.80 per cent to its 52-week high of Rs 2,867. On the NSE, it gained 2.66 per cent to settle at Rs 2,862 per share.

The company's market valuation rallied Rs 13,511.86 crore to Rs 5,25,114.48 crore.

ALSO READ | Stock Market: Sensex Zooms 556 Points, Nifty Tops 18,250. Bajaj Finance, HDFC Top Gainers

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Rajat Patidar
₹11 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.5 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.5 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Sambhal Clashes: FIR Against Sambhal MP Ziaur Rahman Barq For Inciting Violence
Sambhal Clashes: FIR Against Sambhal MP Ziaur Rahman Barq For Inciting Violence
Yogi Govt, Vishva Hindu Parishad Planned Sambhal Violence For 2027 UP Elections: SP
Yogi Govt, Vishva Hindu Parishad Planned Sambhal Violence For 2027 UP Elections: SP
Parliament Winter Session Live: Lok  Sabha, Rajya Sabha Adjourned Till Nov 27 After Protests To Discuss Adani Issue
Lok Sabha, Rajya Sabha Adjourned Till Nov 27 After Protests To Discuss Adani Issue
Nana Patole Resigns As Maharashtra Congress Head After Party's Dismal Show In Assembly Polls
Nana Patole Resigns As Maharashtra Congress Head After Party's Dismal Show In Assembly Polls
Advertisement
ABP Premium

Videos

Maharashtra Elections 2024: Sanjay Raut's Bold Statement On CM Face Sparks Debate | ABP NewsAsaduddin Owaisi Demands Debate on Sambhal Violence in Parliament, Files Adjournment NoticeParliament Winter Session: Kiren Rijiju Highlights Key Topics for Session | ABP NewsPriyanka Gandhi Secures Historic Win in Wayanad, Set to Take Oath as MP Soon | ABP News

Photo Gallery

Embed widget