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HDFC posts robust performance in FY00

May 3, 2000

Housing Development Finance Corporation has reported a 20% rise in profits during the financial year ended 31st march 2000. The company has benefited from a rise in interest spreads. The companys deposits have grown by 18.5% (Rs 62.2 bn) even as the loans outstanding grew by a much higher 22% (Rs 100.6 bn). An interesting factor to note is the 28% (Rs 110 bn) rise in the size of the total portfolio of the company. The details of the investments have not been disclosed.

The company has declared a dividend (including interim dividend) of Rs 19 per share as compared to Rs 8.5 declared in the previous year.

(Rs m) FY99 FY00 Change
Total Income 17,527 20,156 15.0%
Profit before Tax 3,389 4,608 36.0%
Profit after Tax/(Loss) 3,339 4,018 20.3%
Earnings per share 28.03 33.70  

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