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%.