Mostly Cloudy
12°CFri :Mostly Cloudy. High: 13 Low: 5

HDFC Q1 net profit up 34% at Rs 1,707 cr

HDFC Q1 net profit up 34% at Rs 1,707 cr

Mumbai: Housing finance major HDFC Friday posted 34 per cent rise in consolidated net profit at Rs 1,707.10 crore for the first quarter ended June 30, 2013.

It had posted consolidated net profit of Rs 1,275.86 crore in the April-June quarter a year ago, HDFC said in a BSE filing.

The total income during the period rose to Rs 8,482.85 crore, from Rs 7,388.51 crore in the same period a year ago.

The consolidated result includes profit of subsidiaries such as HDFC Bank, HDFC Standard Life, HDFC Ergo General Insurance, HDFC Venture Capital and Gruh Finance Ltd.

Parent company HDFC alone recorded a net profit of Rs 1,173.10 crore during the April-June quarter, up 17 per cent against Rs 1,001.91 crore in the same period a year ago.

The total income during the period on standalone basis rose to Rs 5,556.94 crore from Rs 4,934.95 crore in the same period of the previous fiscal.

The standalone profit of the company was in line with the market expectation. However, shares of the company were trading at Rs 802.60, down 2.46 per cent on the BSE.

As of June 30, 2013 the loan book stood at Rs 1,76,993 crore as compared Rs 1,48,262 crore at the end of first quarter of last fiscal.

 

Top Stories

rupee-3_660_103114092210

India positions 156th in assessment installment, says World Bank report

October-31-2014
India is one of the most noticeably bad places for paying expenses and has been positioned 156th out of 189 countries by
arun-jaitley_660_103014074323

Don’t ignore local black money: Arun Jaitley

October-31-2014
NEW DELHI: As a feature of his technique to meet the expense accumulation focus for the current monetary year, fund priest Arun
Gautam-Upen-Cover

Bigg Boss 8 Breaking: Upen or Gautam Who Wins Task To Be Captain

October-30-2014
According to data accessible to sources there will be an errand that chooses who will be the new commander in the Bigg
1414586257-1625

Shweta Basu Prasad discharged from rescue home

October-30-2014
National grant winning performer Shweta Basu Prasad, who was captured few weeks back by Hyderabad police on charges of prostitution, has been
A person holds a magnifying glass over a computer screen displaying Twitter logos

IBM, Twitter to accomplice on business data analyst

October-30-2014
International Business Machines Corp (Ibm.n) on Wednesday published an organization with Twitter (Twtr.n) to help shape business choices utilizing information gathered from
smriti-irani21

Saffron schoolbooks? Smriti Irani meets RSS leaders to examine training changes

October-30-2014
Human Resources Development Minister Smriti Irani apparently met RSS pioneers today to examine instruction changes. The RSS pioneers talked about the Indian