Indian Housing Finance major HDFC announced 4.5% decline in net profit for fourth quarter ended March 2009. Housing Lender has registered a net profit of Rs 733 crore compared to Rs 768 crore during the same quarter previous year.

The bleak outlook for real estate sector and lower business for home loans sector has resulted in decline in performance at HDFC. The lending major registered 36% rise in total income at 3152 crore compared to 2317 crore during the same quarter previous year.

The board of directors has declared a dividend of Rs 30 per share for the year.

HDFC stock surged nearly 13.7% in the stock market today. Indian stock markets registered decent gains on Monday as buying continued in major counters. Indian markets closed above important technical level of 3600 for NSE and 12000 for BSE Sensex.