Partly Cloudy
10°CFri :Mostly Sunny. High: 19 Low: 6

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

bjp-lost-17-seats-in-haryana-by-a-narrow-margin

BJP lost 17 seats in Haryana by a thin edge

October-22-2014
NEW DELHI: The BJP’s triumph in Haryana can’t simply be surveyed through the quantity of seats the gathering won additionally by the
44895643.cms

Sunny Leone’s Special Birthday surprise For Husband Daniel Weber

October-21-2014
Sunny Leone had masterminded an unique birthday festival for her spouse Daniel Weber in Thailand. A couple of days prior, Daniel had
IndiaTv1611f0_cfc

ISL mentors among a few peering toward India work

October-21-2014
PANAJI: There is life past the commotion and fervor of the Indian Super group, particularly for the mentors on obligation. Most mentors
06-rupee6

Rupee picks up 8 paise against dollar in early trade

October-21-2014
MUMBAI: Extending its climbing streak for the third straight day, the rupee increased in value by 8 paise to 61.28 against the
IndiaTv568462_akhilesh

Akhilesh Yadav the CM of UP gets feel of power crisis

October-21-2014
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav and his bureau got a direct knowledge of the dismal force situation in the state
BJP flag

Maharashtra: Congress hits once more at NCP, says will never help Shiv Sena

October-21-2014
New Delhi: Senior Congress pioneer Ajay Maken hit over at National Congress Party boss Sharad Pawar by saying that the gathering will