Mumbai, May 3: Dip in the expenditure helped HDFC post a 26.31 per cent rise in its net profit for the fourth quarter (Q4) ended Mar 31, 2010.
In its filing to Bombay Stock Exchange (BSE), the Housing Lender informed that its net profit for Q4 jumped to Rs 926.38 crore, accounting for the growth of 26.31 per cent.
Total income dipped to Rs 2,899.32 crore during the Jan-Mar 2010 quarter as against Rs 3,153.61 crore recorded in the corresponding period of 2009.
The subdivision of the company's shares in the ratio of 1:5 has been approved. This means that one share of Rs 10 will be divided into 5 shares of Rs 2 each.
A dividend of 360 per cent or Rs 36 per share on the face value of Rs 10 each for the financial year 2009-10 was also proposed by the board.