HDFC's adjusted net profit up 27% in Q3

Figure not comparable with Q3FY20, when it booked a fair value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank

The country’s largest mortgage lender HDFC reported a net profit of Rs 2,925.83 crore in the October-December quarter (Q3) of FY21, down 65 per cent compared to a profit of Rs 8,372.49 crore in the corresponding period of FY20.
 
However, the profit figures are not comparable because in Q3 of FY20, it booked a fair-value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank.
 
Also, in the reporting quarter, it booked a profit of Rs 157 crore by selling a part of its stake in HDFC Life Insurance to adhere to the