Mumbai, July 18: HDFC Ltd on Friday registered a 22 per cent rise in net profit at Rs 167.76 crore during the first quarter ended June 30, 2003, as compared to Rs 137.3 crore recorded during the corresponding period of the previous fiscal. Income from operations rose to Rs 725.88 crore during April-June as against Rs 702.88 crore during the same period of the previous fiscal, a HDFC release said.

Total assets of the company rose 19 per cent at Rs 26,782.69 crore during the quarter under review as against Rs 22,488.79 crore of the last year.

Loan approvals grew 30 per cent during the first quarter at Rs 2,731 crore as compared to Rs 2,105 crore in the corresponding period last year.
Loan disbursements also increased by 30 per cent during the period at Rs 2,092 crore as against Rs 1,607 crore in the first quarter of the previous fiscal. Bureau Report