Housing Development Finance Corporation (HDFC) has reported results for first quarter ended June 30, 2016.
The company has reported 37.45% rise in its net profit after tax at Rs 1870.73 crore for the quarter ended June 30, 2016 as compared to Rs 1360.98 crore for the same quarter in the previous year. The company’s total income increased by 19.40% to Rs 8393.33 crore for the quarter under review from Rs 7029.37 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 26.89% rise in its net profit after taxes, minority interest and share of profit of associates at Rs 2796.92 crore for the quarter ended June 30, 2016 as compared to Rs 2204.29 crore for the same quarter in the previous year. Total Income of the company increased by 18.68% to Rs 13531.48 crore for quarter under review from Rs 11401.71 crore for the quarter ended June 30, 2015.
