Housing Development Finance Corporation (HDFC) Q2 FY11 Results : Net rises 21.70%

by khalid on 20/10/2010 · 0 comments

Housing Development Finance Corporation Limited (HDFC) has posted a phenomenal increase in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, net profit rises 21.70% to Rs 807.54 crore in comparison to the Rs 807.54 crore of Q2 (ending Sep 09) of previous year(FY10). Housing Development Finance Corporation (HDFC) , founded 1977 by Ravi Maurya and Hasmukhbhai Parekh, is an Indian NBFC, focusing on home mortgages. HDFC’s distribution network spans 243 outlets that include 49 offices of HDFC’s distribution company, HDFC Sales Private Limited.

The company informed the share market(BSE) that the net sales increased 4.24% to Rs 2965.50 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 2844.83 crore. At current value, the price-to-book value of the company was 6.87. The dividend yield of the company was 1.01%.

Share’s Data :-
BSE Code : 500010
Mkt. Cap: Rs 105,272.26 Crores
Housing Development Finance Corporation Limited share’s CMP is Rs 720.50 on 19th Oct 2010

Source : BelltheBull

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