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Private mortgage lender HDFC (Housing Development Finance Corporation), on Thursday, reported standalone net profit of Rs 3,691 crore for the October-December quarter (Q3) of financial year 2022-23 (FY23). This was 13.2 per cent higher than Rs 3,261 crore profit reported in the year-ago period.
HDFC had net profit of Rs 4,454 crore in the September quarter of the current financial year (Q2FY23).
The bottomline beat Street estimates which had pegged PAT around Rs 3,730 crore.
The profit before tax for the quarter ended December 31, 2022 stood at Rs 4,612 crore compared to Rs 4,048 crore in the corresponding quarter of the previous year.
Operationally, the housing financier’s net interest income surged to Rs 4,840 crore during the period under study, up from Rs 4,284 crore year-on-year, and Rs 4,639 crore quarter-on-quarter.
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