Advertisement

HindustanTimes Mon,21 Apr 2014

Q1 scorecard: HDFC net rises 17% to Rs. 1,173 cr

HT Correspondent, Hindustan Times  Mumbai, July 19, 2013
First Published: 22:52 IST(19/7/2013) | Last Updated: 22:53 IST(19/7/2013)

India’s top home loan company, Housing Development Finance Corp (HDFC), on Friday announced a 17% year-on-year rise in net profit to Rs. 1,173 crore for the quarter ended June 2013 against Rs. 1,002 crore a year ago, driven by healthy growth in loan demand.

Advertisement

Net profit, which missed analysts’ expectations of Rs. 1,218 crore, sent the company’s shares down 2.9% to Rs. 804 on the BSE.

HDFC’s loan book increased 19% to Rs. 176,993 crore as on June 30, 2013, against Rs. 148,262 crore on June 30, 2012.

“This is the thirty-fourth consecutive quarter end at which the percentage of non-performing loans have been lower than a year ago,” said Keki Mistry, chief executive officer, HDFC.

Advertisement
more from Business

TCS, Mitsubishi to form software services company

India's largest IT services exporter Tata Consultancy Services has signed a pact with Japan's Mitsubishi Corp to create a Japanese software services provider, the companies said in a statement.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved