HDFC slips after poor Q4 result

HDFC fell 0.72% to Rs 1559.75 at 15:25 IST on BSE after net profit declined 21.59% to Rs 2044.20 crore on 7.71% fall in total income to Rs 8514.51 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 4 May 2017.

Meanwhile, the S&P BSE Sensex was up 235.32 points or 0.79% at 30,130.12

On the BSE, 2.19 lakh shares were traded on the counter so far as against the average daily volumes of 2.54 lakh shares in the past one quarter. The stock had hit a high of Rs 1,586 and a low of Rs 1,555.35 so far during the day. The stock had hit a record high of Rs 1,589.85 on 26 April 2017 and a 52-week low of Rs 1,096 on 3 May 2016.

The large-cap company has equity capital of Rs 317.73 crore. Face value per share is Rs 2.

On a consolidated basis, HDFC's net profit fell 11.01% to Rs 3079.33 crore on 5.35% growth in total income to Rs 18040.59 crore in Q4 March 2017 over Q4 March 2016.

HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.

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