HDFC gets profit of Rs 5,669 crore

Housing loan major HDFC Ltd on Friday told the stock exchanges that its consolidated net profit rose 31 per cent to Rs 5,669 crore in the January-March 2021 quarter. The company achieved a net profit of Rs 4,342 crore in the same period a year ago.

 The consolidated income of the company increased to Rs 35,754 crore in the period under review from Rs 16,632 crore in the same period of FY 2019-20. According to the company, its interest income fell to Rs 10,879 crore in the quarter under review, from Rs 11,391 crore in the same period a year ago. Company life The premium and other operating income from the insurance business increased to Rs 14,635 crore from Rs 11,530 crore in the year-ago period. 

 However, HDFC's net profit for the entire financial year declined to Rs 20,488 crore from Rs 22,826 crore a year ago. HDFC's consolidated revenue grew to Rs 1,39,071 crore during FY 2020-21. In the previous financial year, the company's total income was Rs 1,01,796 crore.