HDFC, India’s largest mortgage lender reported a 15% jump in consolidated net profit in the April-June quarter as total income rose to Rs 29,959 crore against Rs 23,239 crore in the same period last year.
HDFC informed the bourses that it has kept aside Rs 1,199 crore as provisions to deal with the impact of the coronavirus.HDFC, India’s largest mortgage lender reported a 15% jump in consolidated net profit to Rs 4,058 crore in the April-June quarter as total income rose to Rs 29,959 crore against Rs 23,239 crore in the same period last year. Meanwhile, standalone numbers of HDFC saw profits slip 5% to Rs 3,051 crore. HDFC informed the bourses that it has kept aside Rs 1,199 crore as provisions to deal with the impact of the coronavirus.
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