HDFC quarterly net up 18.6%

HDFC reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million in the same period last year.

The total income for India's largest mortgage lender stood at Rs.49,423.10 million during the quarter under review, up 29 percent against Rs.38,216 million during the like period of the year ago period, the company said in a regulatory filing.

HDFC chairman Deepak S. Parekh said that the firm's loan book grew to Rs.1.48 trillion during the quarter under review, excluding the loans sold to sister concern HDFC Bank during the preceding 12 months period worth Rs.4,978 crore, he added.

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