Mumbai, Oct 13: HDFC Ltd has posted a 21.59 per cent rise in net profit at Rs 203.24 crore for the second quarter ended September 30, 2003, compared to Rs 167.15 crore recorded in same period previous fiscal. Income from operations in the period under review also increased to Rs 773.73 crore from Rs 742.82 crore in Q2 of last year, the company said in a release here today.

Other income in Q2 was also higher at Rs 2.13 crore as against Rs 1.75 crore registered in July-September quarter of last financial year.
For the six months ended September, HDFC's net profit and income from operations has grown to Rs 371 crore (Rs 304.45 crore in H1 of FY-03) and Rs 1,499.61 crore (Rs 1,445.7 crore) respectively.
Approvals in H1 of current fiscal aggregated Rs 6,871.95 crore (Rs 5,294.81 crore), representing an increase of 30 per cent. Disbursements in the same period amounted to Rs 5,470.95 crore (Rs 4,221.83 crore). Bureau Report