HDFC gains after good Q4 earnings

The company announced Q4 results during trading hours today, 8 May 2013.

Meanwhile, the S&P BSE Sensex was up 77.56 points or 0.39% at 19,966.51.

On BSE, 2.31 lakh shares were traded in the counter as against average daily volume of 1.13 lakh shares in the past one quarter.

The stock hit a high of Rs 881 and a low of Rs 853 so far during the day. The stock had hit a record high of Rs 882 on 11 December 2012. The stock had hit a 52-week low of Rs 610.70 on 16 May 2012.

The stock had outperformed the market over the past one month till 7 May 2013, jumping 10.67% compared with the Sensex's 7.8% surge. The scrip had also outperformed the market in past one quarter, surging 5.14% as against Sensex's 1.58% rise.

The large-cap company has equity capital of Rs 309.44 crore. Face value per share is Rs 2.

Housing Development Finance Corporation's (HDFC) net profit rose 17.6% to Rs 4848.34 crore on 21.85% growth in total income to Rs 21147.62 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

On consolidated basis, HDFC's net profit rose 17.24% to Rs 2083.12 crore on 19.02% growth in total income to Rs 11042.88 crore in Q4 March 2013 over Q4 March 2012. Consolidated net profit rose 21.55% to Rs 6639.72 crore on 18.75% growth in total income to Rs 35986.93 crore in FY 2013 over FY 2012.

HDFC's board of directors at a meeting held today, 8 May 2013, recommended dividend of Rs 12.50 per share for FY 2013.

Housing finance major HDFC has a wide network offices catering to over 2,400 towns and cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).

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