HDFC's revenue fell 22% to 2233 crore

by Jeremy Spirogis
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new Delhi: HDFC reported earnings for the quarter ended March 31 amid Corona disaster. Housing Development Finance Corporation Limited (HDFC) 's standalone revenue declined 22 per cent within the March quarter of FY 2020. HDFC posted a revenue of Rs 2233 crore within the March quarter. Whereas in the identical quarter a 12 months in the past, the corporate had a revenue of Rs 2862 crore. Talking about your complete monetary 12 months, the corporate has a revenue of Rs 17770 crore.

The firm board has introduced a dividend of Rs 21 per share to shareholders. The firm's earnings have been affected as a result of lower in dividend earnings. <! –

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                 HDFC Ltd's dividend earnings declined to Rs 2.08 crore within the March quarter. Whereas the corporate's dividend earnings was Rs 537 crore within the year-ago quarter. Dividend earnings for your complete monetary 12 months has been Rs 1081 crore. Profit on sale funding throughout this era stood at Rs 2.45 crore as towards Rs 321 crore within the year-ago quarter.

Rs 21 per share dividend

Explain that the corporate has additionally introduced a dividend of Rs 21 per share to the shareholders whereas declaring quarterly outcomes. HDFC's web curiosity earnings grew 17 per cent to Rs 3780 crore within the March quarter. It was Rs 3238 crore within the year-ago quarter. While web curiosity margin throughout this era stood at 3.four per cent as towards 3.Three per cent within the year-ago quarter. HDFC's complete income within the fourth quarter stood at Rs 11982 crore as towards Rs 11587 crore within the year-ago interval. The income coming from operations stood at Rs 11976 crore within the March quarter in comparison with Rs 11580 crore within the year-ago quarter. Other earnings was round Rs 6 crore.

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