HDFC net up 33% at Rs 891 crore | india | Hindustan Times
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HDFC net up 33% at Rs 891 crore

india Updated: Jan 14, 2011 15:48 IST

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Leading mortgage firm Housing Development Finance Corporation (HDFC) on Friday reported a 32.7% jump in net profit to Rs 890.8 crore for the third quarter ended December 2010, propelled by higher loan disbursal.

The firm had posted a net profit of Rs 671.2 crore during the corresponding quarter in the previous fiscal, HDFC said in a statement.

Total income of the company rose by 20.2% to Rs 3,321.1 crore, as against Rs 2,762.2 crore in the October-December quarter a year-ago.

HDFC reported a 20.6% increase in its loan book at Rs 1,09,051 crore at the end of December compared to Rs 90,110 crore in the corresponding period of 2009-10.

During the quarter, treasury income witnessed over three-fold at Rs 167.2 crore against Rs 51.3 crore in the same period in the previous fiscal.

For the first nine months ended December 2010, HDFC reported 26% rise in net profit at Rs 2,393 crore compared to Rs 1,900.1 crore in the same period a year ago.

Total income during the nine months rose to Rs 9,093.2 crore against Rs 8,461.5 crore during the same period in the previous fiscal, up 7%.