Mumbai, May 7: Housing Development Finance Corporation Ltd (HDFC) today posted a 16 per cent growth in fourth-quarter net profit at Rs 1,326.2 crore.
Net profit stood at Rs 1,142 crore in the same period a year ago.
Total income rose around 30 per cent to Rs 4,884.75 crore from Rs 3,774.1 crore in the same period of the last fiscal.
"We have witnessed sound growth in our net profit and loan book in the last financial year," vice-chairman and CEO Keki Mistry said.
Net interest income (NII) increased nearly 24 per cent to Rs 1,867 crore, while profit on sale of investments fell to Rs 79 crore from Rs 133.6 crore a year earlier.
For the entire fiscal, HDFC posted a 17 per cent rise in net profit at Rs 4,122.62 crore against Rs 3,535 crore in 2010-11. Total income jumped around 35 per cent to Rs 17,332 crore.
The company's loan book grew 20 per cent to around Rs 1.41 lakh crore with the average size of individual loans increasing to Rs 19.50 lakh against Rs 18.60 lakh in the previous fiscal.
Loan to individuals grew 21 per cent. "We hope to grow our loan book by around 18 per cent this fiscal," Mistry said.
However, the housing finance company's net interest margin (NIM) reduced marginally to 4.36 per cent from 4.38 per cent a year earlier.
The gross non-performing asset ratio came down to 0.74 per cent at Rs 1,070 crore from 0.77 per cent a year earlier.
However, the company's revenues from its subsidiaries, engaged in life insurance and asset management business among others, saw a marginal decrease.
"Last fiscal, around 25 per cent profit came from our subsidiaries. Going ahead, this ratio will increase," Mistry said.
The HDFC stock today closed at Rs 663.55 on the BSE, up 3.75 points,or 0.57 per cent, from the previous close of Rs 659.80.