Country’s largest mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported 15 % year-on-year (YoY) rise in net profit to Rs 2,101.12 crore for the quarter ended September 30, 2017 against Rs 1,826.50 crore in the corresponding quarter last year.
Shares of the company were trading 1.22 % up at Rs 1,718.75 after the announcement of quarterly numbers.
Standalone provisions and contingencies stood at Rs 95 crore in Q2FY18 over Rs 85 crore in Q1FY18 and Rs 95 crore in the Q2FY17.
Calculated net interest income (NII) came at Rs 3,151 crore for the quarter ended September 30, 2017 against ET Now poll of Rs 3,254 crore.
HDFC’s net worth stood at Rs 40,765.77 crore as of September 30, 2017.
On a consolidated basis, HDFC reported a net profit of Rs 2,869.41 crore during the quarter under review. It had posted net profit of Rs 2446.21 crore in the same quarter last year.
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