HDFC Q1 profit jumps 46% to Rs 3,203 cr, boosted by Gruh Finance stake sale

HDFC, on Friday, reported a 46 per cent growth in standalone net profit of Rs 3,203.10 crore as compared to the profit of Rs 2,190 crore it had posted in the corresponding quarter of 2018. The company's profit was boosted by one-time gain of Rs 1,894.21 crore from stake sale in Gruh Finance. 

Revenue came in at Rs 12,990 crore, up 30.6 per cent from Q1FY19's Rs 9,947.4 crore.

Analysts at Edelweiss Securities had expected a PAT of Rs 3,433 crore. 

Read here what analysts had expected from HDFC's Q1 results

HDFC reported interest income