The country’s largest mortgage lender, HDFC, on Tuesday reported an 18 per cent growth in consolidated net profit at Rs 2,204 crore on the back of a healthy 19 <g data-gr-id="19" data-style="color: #3b3b3b; font-size: 11px;">per cent</g> loan growth in the three months to June.
Its consolidated net profit during the April-June quarter of the previous fiscal was at Rs 1,872.90 crore.
The growth in <g data-gr-id="17">bottomline</g> was, however, limited by a deferred dividend payout by HDFC Bank worth Rs 315 crore, which has been pushed to the second quarter.
In the previous financial year, the company had received a dividend of Rs 269.35 crore from HDFC Bank in June 2014.
“To this extent, the results of the first quarter of the current year are not comparable with the corresponding quarter the previous year,” the lender said in a statement.