HDFC reports 19% rise in Q1 net profit - Bizxwires

HDFC has reported results for the first quarter ended June 30, 2012.

On standalone basis, the company has posted a rise of 18.63% in its net profit at Rs 1,001.91 crore for the quarter ended June 30, 2012 as compared to Rs 844.53 crore for the same quarter in the previous year. Total income has increased by 29.29% at Rs 4,934.95 crore for the quarter under review as compared to Rs 3,816.93 crore for the quarter ended June 30, 2011.

HDFC was incorporated first as specialized mortgage finance company in India. With over three decades of successful operations, HDFC offers a whole gamut of products like home loans, home improvement loans, home extension loans, home equity loans etc. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services etc.

Source: http://www.bizxwires.com/?p=20849

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