New Delhi, Jan 30 (PTI) Shares of HDFC pared initial Also Read - Angel Broking files Rs 600-cr IPO papers with Sebi
gains and settled in the negative territory even as the Also Read - Sebi, exchanges beef up risk management surveillance systems
mortgage lender posted around 13 per cent rise in consolidated Also Read - Lupin shares up nearly 3% post Q2 earnings
net profit for the quarter ended December.
On BSE, the stock ended the day at Rs 1,368.90, down 0.13
per cent from previous close. Intra-day, it touched a high
of Rs 1,378.
The scrip settled at Rs 1,371.45 on NSE, down 0.16 per
cent from previous close. It had touched a high of Rs
1,379.40 in the intra-day trade.
On the volume front, over 25 lakh shares of the company
were traded on bourses.
The mortgage lender today reported a 12.80 per cent rise
in consolidated net profit at Rs 2,728.66 crore for the third
quarter ended December. The profit for October-December of
2015-16 stood at Rs 2,419 crore.
The asset quality of the lender came under strain during
the quarter, with gross NPA rising to 0.81 per cent (Rs 2,341
crore in absolute terms) compared with 0.72 per cent in the
The non-performing loans of the individual portfolio stood
at 0.65 per cent while that of the non-individual portfolio
read 1.16 per cent.
“HDFC Ltd’s third quarter results were broadly in line
with expectations. Loan growth was marginally better than
expected on the back up higher growth from the non individual
loans. GNPAs saw a marginal rise and consequently there was
rise in provisions,” Angel Broking said in a report.
“With lending rates now becoming attractive, the
individual loan book should see pickup in demand in the coming
quarters. Though the fundamentals remain strong for the
company, owing to rich valuations the stock might remain range
bound in the near term,” it added.
This is published unedited from the PTI feed.