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HDFC Q2 net flat, meets forecast

Stand alone net profit for the fiscal second quarter was 11.51 billion rupees compared with 9.71 billion rupees a year ago

Last Updated : Jan 25 2013 | 5:33 AM IST

Housing Development Finance Corp (HDFC), India biggest mortgage lender, reported flat profit for the July-September quarter on Monday, meeting market estimates.

Stand alone net profit for the fiscal second quarter was 11.51 billion rupees compared with 9.71 billion rupees a year ago, and total income rose 27% to 52.7 billion rupees over the same period.

Analysts expected HDFC to post net profit of 11.48 billion rupees, according to Thomson Reuters.