HDFC Q2 Result

"Pre-tax adjusted gains from the stake sale in Gruh Finance stood at Rs 8,000.29 crore in the consolidated financial results," the company said in a statement

According to estimates by Narnolia Securities, the sale of GRUH Finance is expected to have generated around Rs 1,700 crore as at Q2FY20, providing "sufficient liquidity" to the HFC.

Profit on sale of investments grew substantially to Rs 10 billion in Q2 FY2019, whereas during Q2 FY2018 it stood at Rs 630 million

Standalone net profit rose to Rs 2,101 cr