HDFC Q3 profit jumps 13% YoY to Rs 3,691 crore, AUM grows 13% to Rs 7 trn

HDFC's Q3 net profit beat Street estimates which had pegged PAT around Rs 3,730 crore

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 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.

The bottomline beat Street estimates which had pegged PAT around