HDFC Q1 net up 25 pc at Rs 468.11 cr

Leading mortgage lender HDFC has reported a net profit of Rs 468.11 crore for the first quarter ended June 30, a 25.56 per cent growth over the corresponding period a year-ago.

Leading mortgage lender Housing Development Finance Corporation on Wednesday reported a net profit of Rs 468.11 crore for the first quarter ended June 30, a 25.56 per cent growth over the corresponding period a year-ago.

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The firm had a net profit of Rs 372.81 crore in the first quarter of FY 2008, HDFC said in a filing to the Bombay Stock Exchange.

The total income rose to Rs 2,318.62 crore in the latest quarter, from Rs 1,830.39 crore in the same period a year-ago.

Further, the board has accepted the resignation of S Venkatiramanan as a Director of the Corporation with effect from July 17, the filing added.

Shares of HDFC were trading at Rs 1,700, down 5.57 per cent on the BSE.