HDFC Q3 net profit surges 82.54%

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Housing Development Finance Corporation Ltd (HDFC) on Friday posted an increase of 82.54 per cent in net profit at Rs 648.93 crore for the quarter ended December 31, compared to Rs 355.49 crore for the corresponding period in 2006.

The total income of the company rose by 47.81 per cent at Rs 2154.72 crore for the quarter ended December 31, 2007, the same stood at Rs 1457.73 crore during the year-ago period, HDFC informed the Bombay Stock Exchange.

The board at its meeting held on Friday also accepted the resignation of Vijay Kelkar, a Special Director with the corporation, and approved the appointment of J J Irani as a Special Director.