HDFC Q1 net up 18.6% to Rs 1,002 crore

Countries leading bank HDFC today announces its Q1 result and beats market forecast by registering 18.6% net growth to Rs. 1002 core against last year’s performance at the same period.

HDFC chairman Deepak Parekh told the shareholders, “Our net profit rose to Rs 1,001.9 crore for the June quarter compared to Rs 844.53 crore in the year-ago period. Total income increased to Rs 4,942.31 crore from Rs 3,821.6 crore during the year ago quarter”.

During Q1 period net interest income jumped to Rs 1,372.55 crore from Rs 1,170.86 crore. Tax liability increase to Rs 378 crore from Rs 331 crore and Operations income increase to Rs 4,914.71 crore from Rs 3,800.67 crore.  

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