The country’s largest mortgage lender, HDFC, on Friday reported a 42 per cent YoY rise in standalone net profit at Rs 3,180 crore in the March quarter, beating Street estimates. The profit was aided by a higher net interest income (NII).
This compares with a profit of Rs 2,232.5 crore in the year-ago period (Q4FY20). On a quarterly basis, the profit rose 8.6 per cent, from Rs 2,925.8 crore in Q3FY21.
Housing Development Finance Corporation’s NII was up 14 per cent YoY to Rs 4,065 crore in Q4FY21 while net interest margin was at 3.5 per cent, up
This compares with a profit of Rs 2,232.5 crore in the year-ago period (Q4FY20). On a quarterly basis, the profit rose 8.6 per cent, from Rs 2,925.8 crore in Q3FY21.
Housing Development Finance Corporation’s NII was up 14 per cent YoY to Rs 4,065 crore in Q4FY21 while net interest margin was at 3.5 per cent, up