HDFC Ltd Net Profit Rises About 12 Per Cent at Rs 1,425 Crore

Published: 29th January 2015 03:37 PM  |   Last Updated: 29th January 2015 03:37 PM   |  A+A-


NEW DELHI: HDFC Ltd's net profit rose by 11.6 per cent to Rs 1,425.49 crore in the third quarter ended December 2014-15.

The country's largest mortgage lender had reported a profit after tax of Rs 1,277.71 crore in the corresponding October-December quarter of 2013-14.

Company's total income rose to Rs 6,870.95 crore during the quarter under review, up from Rs 6,019.80 crore during the period a year ago, it said in a filing to the BSE.

In the income components, it rose 12.9 per cent to Rs 6,758.36 crore from operations as compared to Rs 5,985.18 crore a year ago. Income from profit on sale of investments jumped over three fold to Rs 112.59 in Q3 FY15.

Housing Development Finance Corporation (HDFC) Ltd's provisions towards contingencies and bad loans increased to Rs 45 crore in the third quarter of current fiscal, over Rs 25 crore a year ago.

Its loan book stood at Rs 2.19 lakh crore as of December 31, 2014, as against Rs 1.92 lakh crore in the same period of previous year.

During the quarter ended December 31, 2014, the company sold 1,19,69,000 equity shares of Rs 10 each of HDFC Standard Life Insurance Company Ltd at a price of Rs 105 per share.

The shares sold represent 0.6 per cent of the total issued, subscribed and paid-up equity capital of HDFC Life, it said in the filing.

HDFC Ltd scrips traded 2.58 per cent down at Rs 1,310 per share on the BSE in noon trades.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp