The Housing Development Finance Corp., India's top mortgage lender, has reported a 40% in the net profit for the last quarter ended on the 31st March. HDFC, which is 11.75% owned by Citigroup, has posted a profit after tax of Rs 2,712.19 crore for the year ended March 31, excluding Rs 293 crore it earned through derivative exposure.
The company's PAT for the year is 54.74 per cent higher than the last fiscal when it earned Rs 1,741.98 crore.
The board has recommended a dividend of Rs 25 per share. (Agencies)
The company's PAT for the year is 54.74 per cent higher than the last fiscal when it earned Rs 1,741.98 crore.
The board has recommended a dividend of Rs 25 per share. (Agencies)
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