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HDFC Q2 profit jumps 25% YoY to Rs 2,467 crore, misses Street estimates

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HDFC on Thursday posted a 24.71 per cent year-on-year (YoY) rise in profit at Rs 2,467 crore for the quarter ended September 30.

The mortgage lender had posted a profit of Rs 1,978.19 crore in the corresponding quarter last year. Analysts in an ET Now poll had estimated the profit figure at Rs 2,550 crore. Profit on sale of investments stood at Rs 1,000.02 crore during the quarter under review against Rs 63.09 crore in the same period last year. Total revenue from operations increased to Rs 11,245.61 crore in Q2FY19 over Rs 9,003.21 crore in the same period last year. Net interest income jumped 15.90 per cent YoY to Rs 2,629 crore. Interest income of the mortgage lender increased 19.22 per cent YoY to Rs 9673.31 crore during the quarter under review.




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