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HDFC Q3 PAT at Rs 8,372.5 cr, Board nod to raise up to Rs 45K cr via NCDs

Fair value gain consequent to merger of Gruh, an associate, with Bandhan Bank at Rs 9,019.8 crore

HDFC
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SI Reporter New Delhi
Housing finance firm HDFC Monday reported 296 per cent year-on-year (YoY) rise in the standalone net profit at Rs 8,372.49 crore during the December quarter of Fy20 (Q3FY20), compared to Rs 2,113.8 crore reported in Q3FY19. Sequentially, the number was up 111.34 per cent from Rs 3,961.52 crore logged in Q2FY20.

On a consolidated basis, the net profit attributable to owners stood at Rs 3,835.38 crore.

“Fair value gain consequent to merger of Gruh, an associate, with Bandhan Bank at Rs 9,019.8 crore,” the management said in a statement.

Analysts’ had expected the NBFC to report net