Mortgage major HDFC’s results for the June quarter (Q1FY22) were a mixed bag. Consolidated income from operations was Rs 30,990 crore, less than Rs 35,738 crore in Q4FY21 and slightly more than Rs 29,953 crore in Q1FY21.
Interest income from mortgages was Rs 10,957 crore, which was more than Rs 10,879 crore in Q4, but lower than Rs 11,168 crore a year ago. There were gains in the insurance business with income of Rs 10,057 crore, versus Rs 14,634 crore previous quarter and Rs 7,291 crore last year. PAT (before minority interest) was Rs 5,311 crore, versus Rs 5,669 crore in Q4 ...
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