HDFC quarterly net profit rises 18.6 percent

July 11, 2012 | Business | Written by

Mumbai, July 11: India’s largest mortgage lender HDFC Wednesday reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million during the same period of the previous financial year.

The total income stood at Rs.49,423.10 million during the quarter under review, up 29 percent against Rs.38,216 million during the like period of the year ago period, the company said in a regulatory filing.

Speaking to the shareholders at the annual general meeting here, HDFC chairman Deepak S. Parekh said that the firm’s loan book grew to Rs.1.48 trillion during the quarter under review.

This was excluding the loans sold to sister concern HDFC Bank during the preceding 12 months period worth Rs.4,978 crore, he added.

At the Bombay Stock Exchange, the shares of the company closed 0.62 percent down at Rs.678.30.

IANS