Wednesday, January 20, 2010

HDFC Q3 FY10 net profit up 23%

HDFC has posted a 22.75% rise in net profit at Rs 671 crore for the quarter ended December 31, 2009 (Q3FY10) when compared with Rs 547 crore in the corresponding quarter of the previous fiscal.

Its net interest income (NII) was up 14.20% at Rs 1,001 crore versus Rs 876 crore.

The company's income from operations was down 7.33% from Rs 2,917 crore to Rs 2,705 crore.

QUICK TAKES:

NIM AT 4.27% FROM 4.19%
PROViSIONING at Rs 684cr
Spread at 2.25%   

NET PROFIT UP 22.75% at Rs 671.25 CR vs Rs 546.83 cr
NII UP 14.20% at Rs 1000.77 cr vs Rs 876.3 cr
Income from ops down 7.33% at Rs 2,705 cr vs Rs 2,919 cr
EPS UP 19.90% at Rs 22.65 from Rs 18.89 cr

Source BloomBerg UTV

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