HDFC shares fall over 2% after Q1 earnings

Tuesday, Jul 28, 2015,21:45 IST By metrovaartha A A A

Mumbai | Shares of Housing Development Finance Corporation fell over 2 per cent today after the company’s June quarter earnings failed to impress investors. The stock ended the day with a loss of 2.30 per cent at Rs 1,304.50 on BSE. During the day, it fell by 2.63 per cent to Rs 1,300. At the NSE, shares of the company slipped 2.36 per cent to Rs 1,304.40.
Country’s largest mortgage lender HDFC Ltd today said its consolidated net profit during the first quarter ended June, 2015-16, stood at Rs 2,204.29 crore. Its consolidated net profit during the April-June quarter of the previous fiscal was at Rs 1,872.90 crore. The company said the results were not comparable on account of certain dividend payments from HDFC Bank.
On standalone basis, HDFC’s net profit almost remained flat at Rs 1,360.98 crore during April-June quarter of 2015-16, while it was at Rs 1,344.66 crore year-ago. Standalone income was at Rs 7,068.28 crore for the quarter ended June 30. While, it was at Rs 6,461.24 crore for the quarter ended June 30 of FY15, it added.