HDFC declares June quarter result. Net profit grow by 21.6% (yoy)

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HDFC June quarter profit at Rs 844 crore
Housing Development Finance Corporation declared its result for the quarter ending on June 30, 2011. The company posted a Profit after tax of Rs 844.53 crore for the quarter, reflecting a growth of 21.6%. Total income of the bank also increased from Rs 2801.95 crore to Rs 3821.6 crore registering a total growth of 36.4%.

Earnings per share of the company went up from Rs 4.80 to Rs 5.75. This has been achieved despite the issue of new shares. 

The housing finance company loan book stood at Rs 1,01,625 crore in Q1FY11 compared to Rs 1,24,167 crore for Q1FY12.

The company recorded unrealised gains from its listed investments of Rs 23,206 crore, a 38% rise from Rs 16,775 crore in the corresponding period of last fiscal. 

It recorded a gross non-performing loans amounting to Rs 1,038.15 crore. According to analysts this is equivalent to 0.83% of the loan portfolio; the same stood at 0.89% last year. 

In Q4 of the last fiscal, the lender reported a 23. 26% rise in net profit.

OneIndia Money

Read more about: bank, hdfc, credit, nse, bse
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