HDFC profit rises 10 percent to Rs.1,266 crore

Mumbai, Oct 21 (IANS) India's largest mortgage lender Housing Development Finance Corporation (HDFC) Monday said its net profit rose by 10 percent to Rs.1,266.33 crore in July-September quarter.

The company's total income rose to Rs.5,953.98 crore for the quarter ended Sep 30, as compared to Rs.5,277.2 crore recorded in the corresponding quarter of last year.

HDFC's income from main business of home loans to individuals and builders jumped by 13 percent. This was the main driver of the company's profitability and income.

HDFC share price Monday rose 0.23 percent to Rs.820.45 at the Bombay Stock Exchange.

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