Housing Development Finance Corporation (HDFC), on Wednesday, reported a net profit of Rs. 1,277.71 crore for the third quarter ended December 31, 2013, compared to Rs 1,140.10 crore in the corresponding quarter of the previous year, representing a growth of 12 per cent.
For the quarter ended December 31, 2013, the profit before dividend, sale of investments and tax, stood at Rs. 1,646.78 crore as compared to Rs. 1,403.60 crore, representing a growth of 17 per cent.
“Dividend and profit on sale of investments during the quarter ended December 31, 2013, were lower at Rs. 110.93 crore as compared to Rs. 141.50 crore ,” HDFC said in a press release.
The net profit for the nine-months ended December 31, 2013, stood at Rs. 3,717.14 crore as compared to Rs. 3,293.13 crore in the year-ago period , representing a growth of 13 per cent.
The consolidated net profit stood at Rs. 5,533.12 crore as compared to Rs. 4,556.59 crore in the corresponding period last year, an increase of 21 per cent.
“The share of profit from subsidiary and associate companies in the consolidated net profit grew to 33 per cent compared to 28 per cent ,” HDFC added.
As at December 31, 2013, total assets of HDFC stood at Rs. 2,18,286 crore as against Rs. 1,83,770 crore as at December 31, 2012, an increase of 19 per cent. The loan book stood at Rs. 1,92,266 crore as against Rs. 1,60,941 crore as at December 31, 2012.
