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HDFC Ltd consolidated net profit rises to ₹5,724 crore in third quarter

The company mentioned that revenue numbers for the quarter and 9 months ended December 31, 2020 are usually not comparable with that of the corresponding quarter/interval of the earlier yr.

PTI

PUBLISHED ON FEB 02, 2021 03:15 PM IST

HDFC Ltd on Tuesday posted a consolidated internet revenue of 5,724.23 crore for the third quarter of 2020-21 fiscal in opposition to that of 4,196.48 crore within the October-December interval of the earlier fiscal yr.

The corporate’s whole earnings (consolidated foundation) rose to 39,267.59 crore through the third quarter as in opposition to 29,073.19 crore in the identical interval of 2019-20, HDFC Ltd mentioned in a regulatory submitting.

Nonetheless, the company mentioned that revenue numbers for the quarter and 9 months ended December 31, 2020 are usually not comparable with that of the corresponding quarter/interval of the earlier yr.

The merger of GRUH Finance with Bandhan Financial institution was efficient October 17, 2019, it added.

“There was a big restoration and powerful development within the particular person enterprise through the quarter ended December 31, 2020. On a 9 month foundation from April 1, 2020 to December 31, 2020, the influence of the pandemic induced lockdown needs to be factored in and therefore the present and former yr’s numbers are usually not immediately comparable,” it added additional.

HDFC shares have been buying and selling greater by 3.72 per cent at 2,678.65 apiece on BSE in pre-close session.

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