New Delhi, Aug 2: HDFC on Monday reported a net profit of Rs 3,001 crore for April-June quarter as against a profit of Rs 3,052 crore in the year-ago quarter. However, the company said the net profit cannot be directly compared with that of the previous year’s quarter due to the difference in effective tax rate, profit from divestment, among others.
HDFC’ net interest income (NII) during the quarter rose 22 per cent to Rs 4,147 crore, while net interest margin stood at 3.7 per cent.
On a consolidated basis, net profit rose 31 per cent to Rs 5,311 crore.
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