HDFC Q4 net profit up 31% at Rs 5,669 cr

New Delhi, May 7

Mortgage lender HDFC Ltd on Friday reported a 31% jump in consolidated net profit at Rs 5,669 crore for the last quarter of the financial year ended March 2021. It had posted net profit of Rs 4,342 crore in the same quarter of fiscal year 2019-20.

Total income on the consolidated basis more than doubled to Rs 35,754 crore in January-March period of 2020-21, as against Rs 16,632 crore in same period of 2019-20, HDFC said in a regulatory filing.

The interest income during the reported quarter fell to Rs 10,879 crore, from Rs 11,391 crore in the year-ago period. The company’s income attributed to ‘premium and other operating income from life insurance business’ moved up to Rs 14,635 crore, from Rs 11,530 crore. — PTI