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HDFC reports 10% rise in Q1 consolidated net profit

21 Jul 2014 Evaluate

Housing Development Finance Corporation (HDFC) has reported results for first quarter ended June 30, 2014.

The company’s net profit for the quarter rose by 14.62% at Rs 1344.66 crore as compared to Rs 1173.10 crore for the quarter ended June 30, 2013. Its total income has increased by 16.11% to Rs 6461.24 crore for the quarter under review from Rs 5564.94 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 9.71% rise in its net profit at Rs 1872.90 crore for the quarter as compared to Rs 1707.10 crore for the same quarter in the previous year. Total income has increased by 18.55% at Rs 10056.07 crore for quarter under review as compared to Rs 8482.85 crore for the quarter ended June 30, 2013. 

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