Partly Cloudy
-1°CFri :Partly Cloudy. High: 11 Low: -1

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

295842-kapil-salman

Bigg Boss 8: Salman Khan to get a vacation day on his birthday!

December-26-2014
Salman Khan will be absent from the Weekend Ka Vaar scene of Bigg Boss 8 this Saturday. Reason: its his birthday on
Narendra-Modi-and-Kapil-Sharma-compressed

Modi chooses comic Kapil Sharma for Swachh Bharat Abhiyaan

December-26-2014
Head administrator Narendra Modi has assigned prevalent stand-up comic and TV-show host Kapil Sharma among the nine individuals and associations to take
BL29_P11_RUPEE__DO_1565557f

Rupee down 12 paise at 63.63 on crisp dollar request

December-26-2014
MUMBAI: In accordance with the residential securities exchange, the rupee neglected to keep up its introductory additions against the dollar and was
brad-haddin_m_-india-vs-aus

India versus Australia, Boxing Day Test: I would back Brad Haddin to make a few runs, says Adam Gilchrist

December-26-2014
Previous Australian wicketkeeper Adam Gilchrist has supported current gloveman Brad Haddin to recover his batting structure and said the veteran player is
2b6a6b21-8067-432e-957e-5021660ab077Wallpaper2

Raghubar Das chose first non-tribal CM of Jharkhand

December-26-2014
Five-time MLA and BJP national VP Raghubar Das was chosen Jharkhand’s first non-tribal boss clergyman Friday, three days after his party’s triumph
Anil-Ambani_reuters

Two Reliance gatherings tie up with two Mitsui firms from Japan

December-26-2014
In an intriguing occurrence, the two Reliance bunches — headed by siblings Mukesh and Anil Ambani — today reported separate ‘long haul