Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Company-results/  HDFC Q1 profit rises 14.62% to Rs1,344.66 crore
BackBack

HDFC Q1 profit rises 14.62% to Rs1,344.66 crore

On a consolidated basis, net profit rose 9.71% to `1,872.90 crore, from `1,707.10 crore in the year-ago period

HDFC’s loan book increased to Rs2.03 trillion in the June quarter, up 14.91% from `1.77 trillion a year ago, it said in a statement. Photo: Pradeep Gaur/MintPremium
HDFC’s loan book increased to Rs2.03 trillion in the June quarter, up 14.91% from `1.77 trillion a year ago, it said in a statement. Photo: Pradeep Gaur/Mint

Mumbai: Housing Development Finance Corp. Ltd (HDFC), India’s largest mortgage finance company, on Monday said its standalone profit for the quarter ended 30 June rose 14.62% to 1,344.66 crore, from 1,173.10 crore in the corresponding period a year ago.

The profit was marginally lower than estimated by a Bloomberg poll of 25 analysts, which had pegged it 1,348 crore.

On a consolidated basis, net profit increased 9.71% to 1,872.90 crore, from 1,707.10 crore in the year-ago period.

On a stand-alone basis, total income increased 16.01% to 6,446.80 crore from 5,556.94 crore a year ago.

HDFC’s loan book increased to 2.03 trillion in the June quarter, up 14.91% from 1.77 trillion a year ago, it said in a statement.

HDFC has three major subsidiaries: HDFC Standard Life Insurance Co. Ltd, HDFC ERGO General Insurance Co. Ltd and HDFC Asset Management Co. Ltd. Its main business is lending to individual home buyers and builders.

HDFC shares closed 2.61% higher at 1006.70, while India’s benchmark Sensex gained 0.29% to 25,715.17 points.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 21 Jul 2014, 03:34 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie