HDFC Q2 net up 20 pc at Rs 971 cr

Housing mortgage lender HDFC on Monday reported a 20% increase in its net profit to Rs 971 crore for the second quarter ended September 30 vis-a-vis the corresponding period last fiscal.

Housing mortgage lender HDFC on Monday reported a 20% increase in its net profit to Rs 971 crore for the second quarter ended September 30 vis-a-vis the corresponding period last fiscal.

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Housing Development Finance Corporation (HDFC) had posted a net profit of Rs 807.54 crore for the July-September quarter of 2010-11.

The company's total income increased to Rs 4,169.14 crore during the September quarter from Rs 2,970.22 crore in the corresponding period last fiscal.

As of September 30, HDFC's loan book was worth Rs 1,26,992 crore.

Shares of HDFC were trading at Rs 670.60, up 0.64%, vis-a-vis their previous close in late afternoon trade on the BSE.