| HDFC Q2 net zooms 76% to Rs 646cr |
| BS Reporter / Mumbai October 29, 2007 |
| Housing Development Finance Corporation (HDFC) today reported a 76% increase in net profit at Rs 646.39 crore for the second quarter ended September 30, 2007 when compared with Rs 368.02 crore in Q2FY07. The profit is inclusive of the profit on sale of investment in an associate company, Intelenet Global Services, amounting to Rs. 313.25 crore. "Apart from the one-time sale of Intelenet, the rise in profit is due to maintaining good recovery record, cost of funds and steady growth in disbursements," said Conrad D |
