Housing Development Finance Corporation (HDFC) has reported results for third quarter ended December 31, 2018.
The company has reported a fall of 60.12% in its net profit at Rs 2,113.80 crore for the quarter under review as compared to Rs 5,300.00 crore for the same quarter in the previous year. However, total income of the company increased by 19.77% at Rs 10,569.12 crore for Q3FY19 as compared Rs 8,824.57 crore for the corresponding quarter previous year.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
