HDFC Q4 net falls to Rs 2,233 cr

HDFC posted a net profit of Rs 2,233 crore for the quarter ended March 31, down from Rs 2,862 crore in the corresponding quarter of the previous year.

The board of HDFC also approved a dividend of Rs 21 per share.

HDFC said dividend income received during the quarter was Rs 2 crore compared with Rs 537 crore in the same quarter last year while profit on sale of investment for the quarter stood at Rs 2 crore as compared with Rs 321 crore in same quarter of the previous year.

The mortgage lender reported provisioning of Rs 1,274 crore, including impact for Covid, for the March quarter as compared to Rs 398 crore in the year-ago period. Desk: Asianet Online