Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Live: LIVE: UP Chief Minister Yogi Adityanath Speaks To Rahul Joshi

HDFC share price dips nearly 3% post Q1 results; brokerages maintain 'outperform'

The company's revenue came at Rs 13,017.7 crore in Q1FY21 against Rs 12,990.3 crore in the corresponding quarter last year.

July 31, 2020 / 01:28 PM IST

Housing Development Finance Corporation (HDFC) share price declined nearly 3 percent in the early trade on July 31, a day after the company announced a 4.7 percent year-on-year (YoY) fall in June quarter standalone net profit at Rs 3,051.5 crore.

The company had reported a net profit of Rs 3,203.10 crore in the June quarter of FY20.

The company's revenue came at Rs 13,017.7 crore in Q1FY21 against Rs 12,990.3 crore in the corresponding quarter of the previous year.

Net interest income (NII) for the June quarter came at Rs 3,392 crore, up 10.17 percent YoY against Rs 3,079 crore in Q1FY20. CNBC-TV18 poll expected NII at Rs 3,419.5 crore.