/ HDFC Reports 21.59% YoY Fall In Q4 Net Profit At Rs 2,044.20 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 4 May 2017

Housing Finance Development Corp on Thursday reported 21.6% drop in net profit in the quarter ended March 31, 2017, on account of profit booked on sale of investments in the.corresponding quarter last year. During the quarter, the company reported profit of Rs 2,044.20 crore against Rs 2,607 crore in the same period previous year. The profit was lower because the fourth quarter of previous year included Rs 1,520 crore of profit on sale of investments. 

The net profit for the quarter was up 14% after adjustment for one-time profit on sale of investment and additional provisioning. 

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