HDFC Ltd reported on Friday that its consolidated net profit rose 31 per cent to Rs 5,669 crore for the fiscal year ended March 2021.
Housing finance major HDFC Ltd reported on Friday that its consolidated net profit rose 31 percent to Rs 5,669 crore for the fiscal year ended March 2021.
The company earned a net profit of Rs 4,342 crore in the same quarter of FY 2019-20.
Doubled Integrated Revenue
HDFC said in a regulatory notice that its integrated income more than doubled to Rs 35,754 crore in the January-March period of 2020-21 from Rs 16,632 crore in the same period of FY 2019-20.
10,879 crore interest income reduced to Rs.
The interest income of this housing finance company declined to Rs 10,879 crore in the quarter under review, from Rs 11,391 crore in the same period a year ago. The company’s ‘premium and other operating income from the life insurance business’ increased from Rs 11,530 crore to Rs 14,635 crore.
1,39,071 crore integrated income for the entire financial year
However, HDFC’s net profit for the entire financial year declined to Rs 20,488 crore from Rs 22,826 crore a year ago. HDFC’s consolidated income increased to Rs 1,39,071 crore during FY 2020-21. Its total income was Rs 1,01,796 crore last year.
Share closed at the edge
Today, HDFC shares rose 61.25 points (2.52 percent) to close at 2,491.35 after opening at 2,454.70 levels. It had closed at the level of 2430.10 in the previous trading session. Currently, HDFC has a market capitalization of 4.50 lakh crores.
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