HDFC net profit up 2% yoy at Rs 2,106.51 crore for the July-September quarter

Housing Development Finance Corporation (HDFC) reported 2 per cent jump in its consolidated net profit figures for the second quarter ended September 30, 2015.

HDFC shares
At 10.58 am, HDFC shares were trading 0.95 per cent up at Rs 1138.00. The scrip opened at Rs 1146.35 and has touched a high and low of Rs 1158.50 and Rs 1136.00, respectively in trade so far. (Photo: PTI)

Housing Development Finance Corporation (HDFC), the country’s largest housing finance company, reported 2 per cent jump in its consolidated net profit figures for the second quarter ended September 30, 2015. During July-September 2015, the lender posted a consolidated net profit of Rs 2,106.51 crore against Rs 2,064.36 crore in the corresponding quarter a year ago.

Consolidated total income increased from Rs 11,644.08 crore for the quarter ended September 30, 2014 to Rs 12,530.28 crore for the quarter ended September 30, 2015.

On a standalone basis, HDFC reported net profit of Rs 1,604.56 crore, up 18.19 per cent for the quarter under review against Rs 1,357.56 crore in the same quarter last year.

As at September 30, 2015, the loan book stood at Rs 237991 crore as against Rs 212344 crore in the previous year.

HDFC also informed BSE regarding approval for re-appointment of Keki M Mistry as the managing director (designated as vice-chairman and chief executive officer) of the corporation, subject to approval of the shareholders of the Corporation.

The company’s shares were trading 1.15 per cent down at Rs 1325 in afternoon trade.

 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.