HDFC reports marginal rise in Q2 consolidated net profit

HDFC reports marginal rise in Q2 consolidated net profit

Total income of the company has increased by 7.61% at Rs 12530.28 crore for quarter under review
Housing Development Finance Corporation (HDFC) has reported results for second quarter ended September 30, 2015.

The company has reported 18.19% rise in its net profit at Rs 1604.56 crore for the quarter ended September 30, 2015 as compared to Rs 1357.56 crore for the same quarter in the previous year. The company’s total income has increased by 12.14% to Rs 7480.24 crore for the quarter under review from Rs 6670.67 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 2.04% rise in its net profit at Rs 2106.51 crore for the quarter ended September 30, 2015 as compared to Rs 2064.36 crore for the same quarter in the previous year. Total income of the company has increased by 7.61% at Rs 12530.28 crore for quarter under review as compared to Rs 11644.08 crore for the quarter ended September 30, 2014.
source: Ventura