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HDFC net surges 8.8pc

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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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