The Board of Directors of Housing Development Finance Corporation Limited (HDFC) approved the thirty-second annual accounts of the Corporation for the year ended March 31, 2009 at its meeting held on Monday, May 4, 2009 in Mumbai.
FINANCIAL RESULTS
Financials for the year ended March 31, 2009
For the year ended March 31, 2009, HDFC's profit before considering profit on sale of investments and exceptional items and tax stood at Rs. 3,193.81 crores as compared to Rs. 2,603.98 crores for the previous year. After providing Rs. 934.98 crores for taxes, the net profit after tax for the year ended March 31, 2009 increased by 23% to Rs. 2,258.83 crores as compared with Rs. 1,834.55 crores in the previous year.
The total profit before tax for the year ended March 31, 2009 stood at Rs. 3,219.04 crores. After providing Rs. 936.50 crores for taxes, the profit after tax stood at Rs. 2,282.54 crores.
The Board of Directors recommend payment of dividend for the year ended March 31, 2009 of Rs. 30 per share as against Rs. 25 per share in the previous year.
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