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HDFC second quarter profit rises 18.56 percent

Posted on Oct 22, 04:34PM | IANS

India's largest mortgage lender Housing Development Finance Corporation (HDFC) Monday said its profit grew 18.56 percent to Rs.1,574.9 crore in the July-September quarter as compared to Rs.1,328.3 crore recorded during the corresponding period last year.

The company's profit for the first half of the current financial year has increased by 21.4 percent to Rs.2,850.76 crore as compared to Rs.2,348.39 crore recorded during the first six months of 2011-12.

HDFC Group's total income has increased to Rs.10,462.08 crore for the quarter ended Sep 30, 2012, as compared to Rs.5,763.75 crore during the corresponding quarter of previous year, HDFC said in a statement.

Share price of HDFC dropped 0.28 percent to Rs.750 at the Bombay Stock Exchange.