Housing Development Finance Corporation advances on reporting 30% rise in Q4 consolidated net profit

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2533.95, up by 37.70 points or 1.51 % from its previous closing of Rs. 2496.25 on the BSE.

The scrip opened at Rs. 2519.45 and has touched a high and low of Rs. 2564.00 and Rs. 2517.30 respectively. So far 119358 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2895.35 on 16-Feb-2021 and a 52 week low of Rs. 1486.45 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 2564.00 and Rs. 2354.10 respectively. The current market cap of the company is Rs. 459880.06 crore.

The Institutions and Non-Institutions holding in the company stood at 88.91% and 10.88% respectively.

HDFC has reported a rise of 42.43% in its net profit at Rs 3179.83 crore for the quarter ended March 31, 2021 as compared to Rs 2232.53 crore for the same quarter in the previous year. However, total income of the company decreased by 2.29% at Rs 11707.53 crore for Q4FY21 as compared Rs 11981.66 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 29.97% in its net profit attributed to the owners at Rs 5350.02 crore for the quarter ended March 31, 2021 as compared to Rs 4116.20 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 35753.86 crore for Q4FY21 as compared Rs 16632.00 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 32.32% in its net profit at Rs 12027.30 crore as compared to Rs 17769.65 crore for the previous year. Total income of the company decreased by 18.02% at Rs 48175.86 crore for year under review as compared to Rs 58763.34 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 12.57% in its net profit attributed to the owners at Rs 18740.06 crore as compared to Rs 21434.57 crore for the previous year. However, total income of the company increased by 36.62% at Rs 139071.24 crore for year under review as compared to Rs 101795.90 crore for year ended March 31, 2020.