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HDFC Q1 profit falls 2% YoY to Rs 3,001 cr, misses estimates; NII up 22%

The number missed Street expectation, which had estimated up to 9 per cent YoY rise in PAT

Topics
Q1 results | HDFC

Nikita Vashisht  |  New Delhi 



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India’s biggest mortgage lender on Monday reported a 1.6 per cent year-on-year (YoY) decrease in standalone net profit at Rs 3,000.67 crore for April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses. In the year-ago period, the profit stood at Rs 3,051.5 crore.

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First Published: Mon, August 02 2021. 11:45 IST

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