1. HDFC Ltd Q3 net profit rises 11 pct to Rs 2,419 crore

HDFC Ltd Q3 net profit rises 11 pct to Rs 2,419 crore

Country's largest mortgage lender HDFC today reported a rise of 11.03 per cent in consolidated net profit at Rs 2,419 crore for the third quarter ended December 31.

By: | New Delhi | Updated: January 27, 2016 6:48 PM
HDFC

HDFC reported a rise of 6.7 per cent in profit at Rs 1,520.51 crore during October-December period as against Rs 1,425.49 crore a year ago on standalone basis.(Reuters)

Country’s largest mortgage lender HDFC today reported a rise of 11.03 per cent in consolidated net profit at Rs 2,419 crore for the third quarter ended December 31.

HDFC’s net profit in the October-December period of the previous fiscal stood at Rs 2,179.01 crore.

On a standalone basis, Housing Development Finance Corporation (HDFC) reported a rise of 6.7 per cent in profit at Rs 1,520.51 crore during October-December period as against Rs 1,425.49 crore a year ago.

The standalone income increased to Rs 7,327.69 crore for the quarter ended December 31, from Rs 6,882.52 crore.

“The Group… total income has increased to Rs 12,306.52 crore for the quarter ended December 31, from Rs 11,952.48 crore for the quarter ended December 31, 2014,” HDFC said in the regulatory filing.

As of December 2015, the loan book of the lender stood at Rs 2,48,097 crore as against Rs 2,19,939 crore in the previous year.

HDFC said the loans sold during the preceding 12 months amounting to Rs 12,975 crore were not included.

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

Shares of HDFC closed 0.55 per cent lower at Rs 1,167.70 on BSE.

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