MUMBAI (Thomson Financial) - India's Housing Development Finance Corp (HDFC) posted a higher first-quarter net profit, boosted by a significant rise in interest income.
HDFC reported a net profit of 3.73 bln rupees for the quarter to June 30, compared with 2.97 bln in the year-ago period, while total revenue rose to 18.30 bln rupees from 12.49 bln.
The corporation, which provides loans for houses, earned 17.24 bln rupees as interest income for the quarter, up from 11.42 bln.
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