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Home >Companies >Q3 Fy19 Results >HDFC Q3 profit dips 60% to 2114 crore

Mumbai: Housing Development Finance Corporation Ltd (HDFC) on Tuesday reported a 60% decline in net profit at 2,114 crore during the October-December quarter, against 5,300 crore. This was lower than analyst estimates of 2,170 crore, according to Reuters.

Revenue from operations stood at 10,450 crore during the third quarter, from 8,679 crore in the same period last financial year.

The mortgage lender also approved the issue of secured non convertible debentures (NCDs) aggregating 45,000 crore on a private placement basis.