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HDFC net surges 8.8pc

HDFC Ltd has reported an 8.8 per cent rise in consolidated net profit at Rs. 2,064.36 crore for the second quarter ended September 30, 2015, against Rs. 1,891.17 crore a year ago. Consolidated income increased to Rs. 11,644.08 crore for the quarter under review from Rs. 9,982.71 crore in the year-ago quarter.

On a standalone basis, the net income in the second quarter rose 7.2 per cent to Rs. 1,357.56 crore, over Rs. 1,266.33 crore a year ago.

“Total income has increased to Rs. 6,670.67 crore for the quarter ended September 30, 2014 from Rs. 5,953.98 crore for the corresponding quarter a year ago,” it said.

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