HDFC Q3 profit dips 60% to ₹2114 crore
Premium- Revenue from operations stood at ₹10,450 crore in Q3 from ₹8,679 crore a year ago
- HDFC also approved the issue of secured NCDs aggregating ₹45,000 crore on a private placement basis
PremiumMumbai: 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.
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The mortgage lender also approved the issue of secured non convertible debentures (NCDs) aggregating ₹45,000 crore on a private placement basis.