HDFC's Q1 net profit jumps 54% to Rs 2,190 crore; total income increases by 20% to Rs 9,952 crore
The board of directors of HDFC on Monday approved issuing bonds up to Rs 35,000 crore on a private placement basis
New Delhi: HDFC Ltd on Monday reported 54 percent jump in standalone net profit to Rs 2,190 crore for the first quarter ended June, 2018-19.
The mortgage lender had registered a net profit of Rs 1,424.47 crore in the April-June quarter of last fiscal, 2017-18.
Its total income (standalone) for the quarter under review increased by 20 percent to Rs 9,952 crore, from Rs 8,289.98 crore in the year-ago, HDFC said in a regulatory filing.
The respective consolidated figures were not provided by the company.
Revenue from operations increased to Rs 9,883.64 crore during June quarter of 2018-19, as against Rs 8,259.77 crore in the year-ago period.
The board of directors of the company on Monday approved issuing bonds up to Rs 35,000 crore on a private placement basis.
Besides, it has also been allowed to raise up to $1.5 billion by tapping foreign sources through the external commercial borrowing route, HDFC said.
Stock of the company was trading 0.35 per cent down at Rs 2037.30 on BSE.
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