Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 30, 2017

HDFC Q3 Net Rises 13% To Rs 2,729 Crore

HDFC Q3 Net Rises 13% To Rs 2,729 Crore
None

New Delhi: The country's largest mortgage lender HDFC today reported a 12.80 per cent increase in consolidated net profit at Rs 2,728.66 crore for the third quarter ended December. 

Profit for October-December in the previous fiscal stood at Rs 2,419 crore. 

"Its total income has gone up to Rs 14,981.41 crore for the quarter ended December 31, from Rs 12,253.9 crore for the quarter ended December 31, 2015," HDFC said in the regulatory filing. 

On a standalone basis, Housing Development Finance Corporation (HDFC) reported a rise of 11.95 per cent in net profit at Rs 1,701.21 crore during October-December as against Rs 1,520.51 crore a year ago. 

The standalone income increased to Rs 8,137.18 crore for the quarter to December 2016, from Rs 7,268.44 crore earlier. 

The mortgage lender mainly finances loans for purchase or construction of residential houses, commercial real estate and certain other purposes. 

The scrip was trading 0.07 per cent lower at Rs 1,369.80 on BSE.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search