HDFC net dips a tad; ‘second wave impacts NPAs, collections’
The Hindu
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Housing Development Finance Corporation Ltd. (HDFC) on Monday said first-quarter consolidated net profit rose 31% to ₹5,311 crore. However, standalone net profit was lower at ₹3,000.67 crore compared with ₹3,051.52 crore, on account of low dividend income and far less profit on sale of investments. Profit on sale of investments stood at ₹263 crore compared with ₹1,241 crore a year earlier; dividend income stood lower at ₹16 crore compared with ₹298 crore.
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