HDFC net profit up 16 percent, misses forecast
MUMBAI (Reuters) - Housing Development Finance Corp (HDFC), India's biggest mortgage lender, reported a 16 percent rise in net profit for the Oct-Dec quarter on Monday, missing market estimates.
Standalone net profit for the fiscal third quarter was 11.4 billion rupees compared with 9.81 billion rupees a year ago. Total income rose 17 percent to 52.42 billion rupees over the same period.
Analysts expected HDFC to post a net profit of 11.96 billion rupees, according to Thomson Reuters I/B/E/S.
(Reporting by Aditi Shah; Editing by Prateek Chatterjee)
- Tweet this
- Share this
- Digg this
- UPDATE 2-Concordia finally heads for scrapyard after massive salvage operation
- Two Ukrainian fighter jets shot down over rebel-held territory
- UPDATE 3-SEC's long path to money market fund reform ends in compromise
- UPDATE 3-Tanker charge tarnishes Boeing's 2nd-quarter profit
- Sierra Leone's chief Ebola doctor contracts the virus
India will not support a trade facilitation protocol ahead of a July 31 deadline unless its concerns about subsidies are met, two senior government officials said on Wednesday, sticking to a hard line critics say could derail a landmark global trade deal. Full Article
Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article