Millennium Post

HDFC’s quarterly profit soars 17%

Mortgage major HDFC on Wednesday said that its consolidated net profit increased by 17.2 per cent to Rs 2,083.12 crore for the quarter ended 31 March, 2013. Its consolidated net profit during same quarter  a year ago stood at Rs 1,776.74 crore.

Total income during the last quarter of 2012-13 increased to Rs 11,042.88 crore from Rs 9,278.11 crore in the same period of the previous fiscal. For the full fiscal, the consolidated net profit was Rs 6,639.72 crore, up from Rs 5,462.51 crore Total income for the fiscal rose to Rs 35,986.93 crore from Rs 30,302.86 crore.

On standalone basis, net profit during January-March quarter of 2012-13 stood at Rs 1,555.21 crore, up from Rs 1,326.14 crore, while total income stood at Rs 5,677.71 crore over Rs 4,891.03 crore a year earlier.

HDFC has declared dividend of Rs 12.50 per share..
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