Housing Development Finance Corporation standalone net profit declines 21.59% in the March 2017 quarter

Sales decline 7.69% to Rs 8502.03 crore

Net profit of Housing Development Finance Corporation declined 21.59% to Rs 2044.20 crore in the quarter ended March 2017 as against Rs 2607.05 crore during the previous quarter ended March 2016. Sales declined 7.69% to Rs 8502.03 crore in the quarter ended March 2017 as against Rs 9210.53 crore during the previous quarter ended March 2016.

For the full year,net profit rose 4.93% to Rs 7442.64 crore in the year ended March 2017 as against Rs 7093.10 crore during the previous year ended March 2016. Sales rose 7.14% to Rs 33112.79 crore in the year ended March 2017 as against Rs 30905.12 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales8502.039210.53 -8 33112.7930905.12 7 OPM %96.1892.40 -95.5395.41 - PBDT2951.853655.73 -19 10782.6010162.38 6 PBT2938.203642.05 -19 10726.6410108.10 6 NP2044.202607.05 -22 7442.647093.10 5

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