HDFC Reports Q3 Net Profits of Rs 1425 crores

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India's largest housing finance company, HDFC has reported a Q3 net profit of Rs 1425 crores for the quarter ending Dec 31, 2014.

HDFC Reports Q3 Net Profits of Rs 1425 crores
Housing Development Finance Corporation: Quotes, News
BSE 1372.00BSE Quote11.4 (0.83%)
NSE 1378.60NSE Quote0.05 (0.00%)
The Loan book at Rs 2.20 lakh crores as on Dec 31, 2014. The stock of the company was down almost 2.5 per cent in trade at Rs 1311 on profit booking.

During the quarter HDFC has sold a stake in HDFC Standard Life Insurance at Rs 105 per share, the company said in a statement. Share of individual loans was placed at 72 per cent of loan book.

HDFC is India's largest housing finance company which also has subsidiaries like HDFC Standard Life and HDFC Bank.

Read more about: hdfc, hdfc standard life
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