HDFC Ltd Q1 net up 27% to Rs 2,797 cr

Income from operations up 19% to Rs 13,517 crore during the quarter; stock price ends 1.48% up on BSE

HDFC
Press Trust of India New Delhi
Last Updated : Jul 27 2016 | 4:27 PM IST
The country's largest mortgage player HDFC Ltd today reported 26.86 per cent increase in consolidated net profit at Rs 2,796.92 crore helped by receipts from stake sale in its general insurance arm.

Its consolidated net profit during the April-June quarter of the previous fiscal stood at Rs 2,204.29 crore.

HDFC Ltd's income from operations rose to Rs 13,516.99 crore for the first quarter ended June 30, 2016-17 as against Rs 11,397.29 crore in the year-ago period.

Also Read

During the quarter under review, company sold 12.33 crore shares in HDFC Ergo General Insurance to Ergo International Ag, resulting in pre tax gain of Rs 871.35 crore.

HDFC Ltd scrips closed 1.48 per cent up at Rs 1,387.85 on BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 27 2016 | 4:07 PM IST

Next Story