19 Jan 2020 | 7:24 PM

News

COMPANYNEWS
HDFC Q2 net profit jumps 60.58% at Rs 3961.53 cr
  Housing Development Finance Corporation Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-04-2019
The company reported standalone net profit of Rs 3961.53 crore for the quarter ended September 30 2019 as compared to Rs 2467.08 crore in the same period last year registering a year-on-year growth of 60.58 per cent.


Net revenue of the company rose substantially by 32.95 per cent at Rs 13487.44 crore in July-September quarter of this fiscal as against Rs 10144.49 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 54.89 per cent to Rs 1099.73 crore from Rs 709.99 crore in year ago period.


Other Income dipped by 41.15 per cent at Rs 6.68 crore versus (Sep`18 Rs 11.35 crore).


Operating Profit surged by 17.58 per cent to Rs 12387.71 crore as against Rs 10535.62 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 11.56 per cent in September quarter.


Interest grew by 11.16 per cent y-o-y to Rs 7830.70 crore while Taxation decreased by 44.34 per cent at Rs 568.85 crore (Sep`18 Rs 1022.00 crore).