HDFC Ltd Q2 profit up 24% to Rs 7,043 crore
New Delhi:
Mortgage lender HDFC Ltd said on Thursday that its consolidated net profit jumped 24 percent to Rs 7,043 crore in the September 2022 quarter.
It had reported a net profit of Rs 5,670 crore in the period from a year ago, HDFC said in a regulatory filing.
Total income on a consolidated basis rose to Rs 43,927 crore in the said quarter from Rs 38,603 crore a year ago.
On a standalone basis, net profit rose 18 percent to Rs 4,454 crore from Rs 3,780 crore a year ago.
Total income (stand-alone) rose to Rs 15,036 crore from Rs 12,226 crore in the same quarter last year.
Net interest income (NII) for the second quarter was Rs 4,639 crore compared to Rs 4,110 crore in the previous year, a growth of 13 percent.
Net interest margin was 3.4 percent at the end of the September quarter.
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