CapitalMarket.com - HDFC inches up after good Q4 results
Hot Pursuit Monday, May 07, 2012 14:57 Hrs IST

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HDFC inches up after good Q4 results

HDFC rose 0.42% at Rs 662.60 at 14:56 IST on BSE after net profit rose 16.13% to Rs 1326.14 crore on 29.23% rise in total income to Rs 4891.03 crore in Q4 March 2012 over Q4 March 2011.

The result was announced during trading hours today, 7 May 2012.

Meanwhile, the BSE Sensex was down 8.25 points, or 0.05%, to 16,822.83.

On BSE, 93,000 shares were traded in the counter as against an average daily volume of 1.64 lakh shares in the past one quarter.

The stock hit a high of Rs 667 and a low of Rs 645.65 so far during the day. The stock had hit a 52-week high of Rs 732 on 8 July 2011. The stock had hit a 52-week low of Rs 600.85 on 19 December 2011.

The stock had outperformed the market over the past one month until 4 May 2012, falling 2.93% compared with the Sensex's 3.75% fall. The scrip had, however, underperformed the market in past one quarter, sliding 5.13% as against 4.40% fall in the Sensex.

India's largest mortgage lender by market capitalisation has an equity capital of Rs 295.39 crore. Face value per share is Rs 2.

HDFC's net profit rose 16.62% to Rs 4122.62 crore on 34.76% rise in total income to Rs 17,354.28 crore in the year ended March 2012 over the year ended March 2011.

As on 31 March 2012, HDFC's loan book stood at Rs 140875 crore as against Rs 117127 crore in the previous year. This excludes loans sold during the preceding 12 months worth Rs 4978 crore to HDFC Bank.

As on 31 March 2012, the total borrowing of the corporation stood at Rs 139128 crore as against Rs 115112 crore in the previous year.

HDFC's board has recommended a dividend of Rs 11 a share to shareholders for the year ended March 2012.

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