HDFC Q3 results: Net profit rises 11% to Rs 3,261 cr

Housing finance major HDFC on Wednesday reported 11% rise in standalone net profit at Rs 3,261 crore for the quater ending December 31, 2021. HDFC reported standalone net profit of Rs 2,926 crore in the year-ago period.

Net interest income rose 5% to Rs 4,284 crore as against Rs 4,068 crore in Q3FY21.

"The demand for home loans and pipeline of loan applications continues to remain strong. Growth in home loans was seen in both, the affordable housing segment as well as in high end properties. The increasing sales momentum and new project launches augurs well for the housing sector,"