HDFC rose 0.36% to Rs 1,092.70 at 14:41 IST on BSE after net profit rose 39.98% to Rs 2607.05 crore on 23.72% growth in total income to Rs 9225.72 crore in Q4 March 2016 over Q4 March 2015.
The result was announced during market hours today, 2 May 2016.Meanwhile, the S&P BSE Sensex was down 168.84 points or 0.66% at 25,437.78
On BSE, so far 1.67 lakh shares were traded in the counter as against average daily volume of 1.97 lakh shares in the past one quarter. The stock hit a high of Rs 1,097.95 and a low of Rs 1,079.05 so far during the day. The stock had hit a 52-week high of Rs 1,370.80 on 16 July 2015. The stock had hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had underperformed the market over the past one month till 29 April 2016, falling 3.45% compared with Sensex's 2.84% gains. The scrip had also underperformed the market in past one quarter, declining 7.54% as against Sensex's 2.96% gains.
The large-cap company has equity capital of Rs 315.97 crore. Face value per share is Rs 2.
HDFC's provisions for contingencies jumped 990% to Rs 545 crore in Q4 March 2016 over Q4 March 2015. The sharp surge in provisions is due to an additional provision of Rs 450 crore in Q4 March 2016 towards standard assets and other contingencies.
HDFC's loan book increased to Rs 2.59 lakh crore as on 31 March 2016, from Rs 2.28 lakh crore as on 31 March 2015. This is after considering the loans sold during the preceding 12 months amounting to Rs 12773 crore.
On consolidated basis, HDFC's net profit rose 30.76% to Rs 3460.46 crore on 15.52% growth in total income to Rs 17012 crore in Q4 March 2016 over Q4 March 2015. HDFC said that the company has sold 17.95 crore shares of HDFC Standard Life Insurance Company to Standard Life Mauritius Holdings 2006, in Q4 March 2016, resulting in a gain of Rs 1422.20 crore. The sale consideration has been received subsequent to the balance sheet data, HDFC said. The profit on sale has been accounted as excess of sale value over proportionate share in the net assets of the group, the company said.
HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.
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