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HDFC net profit surges 23 percent

Last Updated: Wednesday, January 20, 2010 - 14:44

Mumbai: India`s top mortgage lender Housing Development Finance Corp Ltd today reported 22.74 percent rise in net profit at Rs 671.25 crore for the third quarter ended December 31, 2009, over the same period last year.
However, the company`s total income decreased to Rs 2,762.21 crore in the December quarter, from Rs 2,924.8 crore in the same period in previous fiscal, Housing Development Finance Corporation Ltd (HDFC) said in a filing to the Bombay Stock Exchange (BSE).
For the nine-month period ended December 31, the company posted a net profit of Rs 1,900 crore, a growth of 22.64 percent over the year-ago period.

Shares of HDFC were trading at Rs 2,531.10 on the BSE, up 0.82 percent from previous close.

PTI



First Published: Wednesday, January 20, 2010 - 14:44

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