HDFC reports 18.2% rise in Q2 net profit

Mortgage lender HDFC on Monday reported a 18.2 per cent rise in its standalone net profit in the last quarter. The firm posted Rs 1,605 crore net profit for the quarter ending September 30 2015 compared to Rs 1,357 crore in the corresponding period of last fiscal.

Total income rose to Rs 7,480.2 crore in the reporting quarter against Rs 6,670.6 crore for the quarter ended September 30, 2014.

It recorded  a marginal rise in consolidated net profit to Rs 2,106.51 crore for the second quarter ended September 30, 2015-16. The company's net profit was at Rs 2,064.36 crore during the July-September quarter of the previous fiscal, 2014-15. The total income for the second quarter rose to Rs 12,520.83 crore from Rs 11,608.43 crore in the year ago period, HDFC said.

 

The HDFC stock closed 2.09 per cent lower on the BSE.