Home finance major HDFC on Monday reported a 12 per cent rise in standalone profit after tax (PAT) for December quarter at Rs 1,701 crore, slightly better than Rs 1,668 crore.

The housing finance company (HFC) had reported a net profit of Rs 1,521 crore for the corresponding quarter last year.

Interest earned for the quarter rose to Rs 8,133.78 crore from Rs 8,063.21 crore reported for the September quarter and Rs 7,211.56 crore reported for the year-ago quarter.

Profit before tax (PBT) for the quarter came in at Rs 2,531.21 crore, compared with Rs 2,557.50 crore in the second quarter and Rs 2,190.51 crore in the year-ago quarter.

The company said gross non-performing loans stood at Rs 2,341 crore at the end of December quarter, which was 0.81 per cent of its loan portfolio. Non-performing loans of the individual portfolio stood at 0.65 per cent, while the non-individual portfolio stood at 1.16 per cent, the company said.

The HFC said its loan book stood at Rs 2,86,876 crore as of December 31. Outstanding individual loans sold/assigned stood at Rs 37,533 crore, it said.

(Source-economictimes,.moneycontrol)

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