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HDFC reports 35% rise in Q3 consolidated net profit

02 Feb 2021 Evaluate

Housing Development Finance Corporation (HDFC) has reported results for third quarter ended December 31, 2020.

The company has reported 65.05% fall in its net profit of Rs 2925.83 crore for the quarter under review as compared to net profit of Rs 8372.49 crore for the same quarter in the previous year. Total income of the company decreased by 42.26% at Rs 11716.34 crore for Q3FY21 as compared Rs 20291.45 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 34.97% rise in its net profit attributable to owners at Rs 5176.76 crore for the quarter under review as compared to net profit at Rs 3835.38 crore for the same quarter in the previous year. Total income of the company increased by 35.06% at Rs 39267.59 crore for Q3FY21 as compared Rs 29073.19 crore for the corresponding quarter previous year.

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