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Gruh Finance Ltd, a subsidiary of HDFC Ltd, has registered an increase of 33 per cent in profit after tax in the fiscal 2010-11, ended March 31, compared with the same period in the previous financial year, the company said on Wednesday.
The board of directors, while approving the annual audited accounts, said the PAT stood at Rs 91.51 crore (Rs 68.96 crore) while the disbursements were Rs 1,210.69 crore (Rs 780.33 crore), a growth of 55 per cent.
The board also recommended a dividend of Rs 8.50 per equity share and a special dividend of Rs 2.50 to commemorate the Silver Jubilee Year of the company. The total dividend amounts to Rs 11 an equity share, compared with Rs 6.50 last year.
The dividend payout ratio for the year, including tax on dividend on the combined dividend, will be 49 per cent.
The dividend and the distribution tax on dividend on equity shares have absorbed Rs 38.67 crore and Rs 6.27 crore, respectively, and the balance has been transferred to reserves, according to a release.
The loan portfolio as on March 31, 2011 amounted to Rs 3,176.85 crore as against Rs 2,453.70 crore in the previous year – an increase of 29 per cent.
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