Money & Banking

HDFC Q1 net profit jumps 54% to Rs 2,190 cr

PTI New Delhi | Updated on July 30, 2018 Published on July 30, 2018

HDFC Ltd today reported a 54 per cent jump in standalone net profit to Rs 2,190 crore for the first quarter ended June 2018-19. The mortgage lender had registered a net profit of Rs 1,424.47 crore in the April-June quarter of last fiscal, 2017-18.

Its total income (standalone) for the quarter under review increased by 20 per cent to Rs 9,952 crore, from Rs 8,289.98 crore in the year-ago, HDFC said in a regulatory filing.

The respective consolidated figures were not provided by the company. Revenue from operations increased to Rs 9,883.64 crore during the June quarter of 2018-19, as against Rs 8,259.77 crore in the year-ago period.

The board of directors today approved issuing bonds up to Rs 35,000 crore on a private placement basis. Besides, it has also been allowed to raise up to $1.5 billion by tapping foreign sources through the external commercial borrowing route, HDFC said. The stock of the company was trading 0.35 per cent down at Rs 2,037.30 on BSE.

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Published on July 30, 2018
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