Housing finance company HDFC has reported a rise of 20% YoY in net profit of Rs 971 crore for the quarter ended September 2011. The company had posted net profit of Rs 807.5 crore in same quarter the previous year.
Total income shot up 37% to Rs 4,077 crore from 2,970 crore year-on-year.
Profit from sale of investment increased 47.5% to Rs 87 crore from Rs 59 crore during the same period.
In a press conference, vice-chairman and CEO of HDFC, Keki Mistry said net interest margin in Q2 was 4.3%
Loan book growth was at 25% and disbursements growth stood at 19%.
Capital adequacy ratio in the July-September quarter was at 13.8% and spreads stood at 2.8% in same quarter.
"There is no impact on asset quality due to rising interest rates," he said.
No comments:
Post a Comment