HDFC FY05 net up 19%, to pay 170% dividend

Housing Development Finance Corporation (HDFC) today reported a 18.68% increase in consolidated net profit of Rs 1,124.04 crore for the year ended March 31, 2005 as against Rs 947.04 crore in FY04.

According to a release issued by the company to the BSE today, total income increased to Rs 3,698.41 crore for the year ended March 31, 2005 from Rs 3,252.33 crore in FY04.

The board has recommended a dividend of Rs 17 per share for the year 2004-05 as against Rs 13.50 per share paid in the previous year, the release added.