Mumbai, May 07: Housing Development Finance Corporation Ltd (HDFC) has posted a 19.01 per cent rise in net profit at Rs 690.29 crore for the financial year ended March 31, 2003, compared to Rs 580.01 crore posted in previous fiscal. The board has recommended a dividend of Rs 11 per share, HDFC said in a release.
Income from operations in FY-03 was higher at Rs 2,967.32 crore as against Rs 2,692.41 crore in the last year, it said.

For the fourth quarter ended March, net profit increased to Rs 239.19 crore (Rs 206.45 crore in Q4 of FY-02) while income from operations stood at Rs 789.17 crore (Rs 722.63 crore), it added.
On consolidated basis, the company posted a net profit of Rs 747.48 crore (Rs 626.73 crore) in FY-03. The income from operations also rose to Rs 3,088.77 crore (Rs 2,812.93 crore). Bureau Report