HDFC net profit down 6.3 percent

By IANS,

Mumbai : Major housing loan provider HDFC Monday said its net profit dipped 6.3 percent to Rs.2,282.54 crore for the year ended March 31 from Rs.2,436.25 crore the previous fiscal.


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The company’s total income, however, rose 36.33 percent in 2008-09 to Rs.10,992.43 crore from Rs.8,062.8 crore it made in the previous year.

Net profit for the fourth quarter ended March 31 also dipped 4.73 percent to Rs.733.37 crore from Rs.768.12 crore.

Total income for the fourth quarter was at Rs.3,152.44 crore, an increase of 36.01 percent from Rs.2317.67 crore it logged in the year-ago period.

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