HDFC sounds caution on economy, Q4 net jumps
The Hindu
Board recommends ₹23 dividend
Mortgage lender Housing Development Finance Corporation Ltd. (HDFC) reported standalone net profit for the fourth quarter surged 42% to ₹3,180 crore. However, it sounded a note of caution considering the second wave of COVID-19 gripping the country. “Since April, India has been witnessing an eruption of a second wave of infections,” HDFC said in a filing.
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