Corporate Jan 21, 2013
Mumbai: Housing finance major HDFC today reported a 27.55 percent jump in net profit at Rs 1,705.83 crore for the third quarter ended December 31, 2012.
Housing Development and Finance Corporation (HDFC) had a net profit of Rs 1,337.38 crore in the October-December quarter of 2011-12 fiscal. Total income of the bank increased to Rs 10,128.58 crore during the third quarter of the current fiscal, from Rs 6,379.96 crore in the corresponding period a year ago, HDFC said in a BSE filing.
The company's income from operation or interest income went up by 19 percent to Rs 5,538 crore during the quarter, from Rs 4,648 crore in the same period a year ago. On a standalone basis, HDFC's net profit grew by 16.18 percent to Rs 1,140.10 crore. It was 981.25 crore in the October-December quarter of previous fiscal.
Total income too rose to Rs 5,250.40 crore during the three-month period, from Rs 4,472.51 crore in the year ago period. The gross non-performing loans stood at 0.75 percent of the loan portfolio as at December 31, 2012, compared to 0.82 percent as at the end December 2011.
As on December 31, 2012 the total assets of HDFC stood at over Rs 1.83 lakh crore. Shares of HDFC were trading at Rs 819.15, down 0.39 percent over their previous close on the BSE.
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