.
open demat account

Mortgage lender HDFC Ltd on Friday reported a 22.2 per cent rise in its standalone net profit to Rs 3,668.92 crore for the first quarter ended June 30, on higher income driven by robust loan disbursements.

The company’s net profit in the same quarter a year ago stood at Rs 3,001 crore.

Espresso in content banner September 2022

Its total income during the June 2022 quarter increased to Rs 13,248.73 crore against Rs 11,663.14 crore in the year-ago period, HDFC said in a regulatory filing.

The company said its individual loan disbursements during the quarter rose 66 per cent.

The consolidated net profit for the quarter stood at Rs 5,574 crore compared to Rs 5,311 crore.

HDFC said it proposes to raise an international social loan of USD 1.1 billion, which is its first international social loan from India and among the largest globally.

FinGrad In-content Banner

Shares of HDFC Ltd traded at Rs 2,372.35 apiece on BSE, up 1.56 per cent. PTI KPM KPM BAL BAL

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact news@tradebrains.in


Start Your Financial Learning Journey

Want to learn Stock Market and other Financial Products? Make sure to check out, FinGrad, the learning initiative by Trade Brains. Click here to Register today to Start your 3-Day FREE Trail. And do not miss out on the Introductory Offer!!