Private sector lending major, HDFC Limited, announced a 23% jump in net profits at Rs. 1,142 crore for quarter-ended March 2011, compared to Rs 926 crore for the same period last year. A CNBC-TV18 poll had pegged the net profit at Rs 1,054 crore.
Meanwhile, the company's net operating income came in at Rs. 1,655 crore versus Rs 1,339 crore, year-on-year.
Speaking at a press conference, Keki Mistry of HDFC said loan approvals were up 24% while loan disbursals rose by 20%.
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