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HDFC makes Rs 2,114 cr net profit in Q3

HDFC makes Rs 2,114 cr net profit in Q3

New Delhi: Housing finance company HDFC Ltd Tuesday reported a net profit of Rs 2,113.80 crore on the standalone basis for the third quarter ended December 2018. The company had posted a net profit of Rs 5,300 crore in the October-December quarter of the last financial year.

The profit numbers for the quarter ended December 31, 2018 are not comparable with that of the quarter ended December 31, 2017, HDFC Ltd said in a statement.

In the quarter ended December 31, 2017, the company had sold shares in the initial public offer of HDFC Life Insurance Company Limited for a consideration of Rs 5,250 crore.

Total income rose to Rs 10,569 crore during the December quarter against Rs 8,824 crore in the year-ago period.

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