HDFC profit up 30 pc

Mumbai, Apr 17 (UNI) HDFC Bank has posted a 30 per cent increase in net profit at Rs 263.21 crore for the fourth quarter ended March 31, 2006, as against Rs 202.37 crore for the same period in 2004-05.

The Bank's total income also grew by 54.75 per cent at Rs 1682.65 crore for the Q4 in 2005-06 as compared to Rs 1087.27 crore in the fourth quarter 2004-05, the Bank informed the Bombay Stock Exchange.

The board of directors have recommended a dividend of 55 per cent, that is Rs 5.50 per equity share of Rs 10 each for the year ended March 31, 2006.

For the year ended March 31, 2006, the Bank's net profit stood at Rs 870.78 crore for the year ended March 31, 2006, as against Rs 665.56 crore for 2004-05.

The total income grew to Rs 5599.32 crore for the year 2005-06 from Rs 3744.83 crore in 2004-05.

UNI GC MAZ AG2037