HDFC Q3 Net up 13 pc at Rs 1935 cr

Housing finance major HDFC today reported a 13.4 per cent jump in net profit at Rs 1,934.84 crore for the third quarter ended December 31, 2013.
Housing Development and Finance Corporation (HDFC) had a net profit of Rs 1,705.83 crore in the October-December quarter of 2012-13 fiscal.
Total income of the company increased to Rs 10,052.98 crore during the third quarter of the current fiscal, from Rs 8,873.25 crore in the corresponding period a year ago, HDFC said in a BSE filing.
The company's income from operation rose to Rs 6,344.07 crore during the quarter, from Rs 5,538 crore in the same period a year ago.

On a standalone basis, HDFC's net profit grew by 12 per cent to Rs 1,277.71 crore. It was at Rs 1,140.10 crore in the October-December quarter of previous fiscal.
Total income too rose to Rs 6,019.80 crore during the three-month period, from Rs 5,250.40 crore in the year ago period.

The gross non-performing loans stood at 0.77 per cent of the loan portfolio as at December 31, 2013. In absolute terms, Gross NPA amounted to Rs 1,478 crore.
Net Interest Margin of the company stood at 4 per cent at the end of December 2013.
As on December 31, 2013 the loan book of corporation rose to Rs 1.92 lakh crore as against Rs 1.60 lakh crore at the end of third quarter of last fiscal.

The total assets of the company increased to Rs 2,18,286 crore as against Rs 1,83,770 crore as at December, 2012 registering an increase of 19 per cent.
Shares of HDFC were trading at Rs 839 per unit up 0.20 per cent over their previous close on the BSE.