HDFC reports 16% rise in Q2 consolidated net profit

Housing Development Finance Corporation has reported results for second quarter ended September 30, 2016.

The company has reported 13.83% rise in its net profit after tax at Rs 1826.50 crore for the quarter under review as compared to Rs 1604.56 crore for the same quarter in the previous year. Total income of the company increased by 9.19% at Rs 8103.15 crore for Q2FY17 as compared Rs 7421.31 crore for the corresponding quarter previous year. 

On the consolidated basis, the company has reported 16.13% rise in its net profit after taxes, Minority Interest & Share of Profit / (Loss) of Associates of Rs 2446.21 crore for the quarter ended September 30, 2016 as compared to Rs 2106.51 crore for the same quarter in the previous year. Total income of the company increased by 16.48% at Rs 14526.69 crore for quarter under review as compared to Rs 12471.35 crore for the quarter ended September 30, 2015.