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HDFC profit rises by 15 %- Q1 results bring cheers

HDFC profit rises by 15 %- Q1 results bring cheers
The realty market is picking up after the change of the government in the center and that is evident in the financial balance sheet of HDFC Ltd. The Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 1,344.66 crore, up by 14.62 % year-on-year (Y-O-Y), for the quarter ending June 30, [...] Continue Reading »

No bright light for real estates any soon

No bright light for real estates any soon
According to data by provided by brokerages such as Motilal Oswal Securities, Kotak Securities, Edelweiss Securities, Prabhudas Lilladher and Emkay Global, net profit for the real estate companies are expected to fall by 20 per cent, while net sales may rise three per cent in the first quarter of the current financial year. According to [...] Continue Reading »

HDFC net profits up by 19%

HDFC net profits up by 19%
The Housing Development Finance Corp. Ltd (HDFC) has said that its net profit rose by 19 per cent in the quarter ended June as a result of strong growth in individual home loan borrowing. HDFC’s June quarter net profit rose to Rs. 1,001.9 crore from Rs. 844.53 crore last year, while its loan book stood [...] Continue Reading »



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