HDFC Q4 net rises 22.63 per cent

Mumbai, May 02: Housing Development Finance Corporation Ltd (HDFC) has posted a net profit of Rs 426.52 crore for the quarter ended March 31, 2006 as compared to Rs 347.79 crore in the same period the prevous year, an increase of 22.63 per cent.

Announcing the results, the company said its total income has increased from Rs 955.45 crore in Q4 FY 05 to Rs 1239.90 crore for Q4 FY 06.

It has posted a net profit of Rs 1257.30 crore for the year ended March 31, 2006 as compared to Rs 1036.59 crore for the fiscal year.

Total income has increased from Rs 3410.08 crore in FY 05 to Rs 4278.39 crore for FY 06.

The board of directors has recommended a dividend of Rs 20 per equity share for the financial year 2005-06.

UNI