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BW Businessworld

HDFC Q4 Net Up 17.3% On Loan Book Growth

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Housing Development Finance Corp (HDFC), India's biggest mortgage lender, reported a 17.3 per cent rise in net profit for the Jan-March quarter on Wednesday, 8 May 2013, helped by higher disbursal.

Standalone net profit for the fiscal fourth quarter was Rs 1,555 crore compared with Rs 1,326 crore a year earlier, and total income rose 16  per cent to Rs 5,666 crore over the same period.

HDFC's loan book at end-March stood at 1.7 trillion rupees, up 20.6 per cent from

a year earlier, it said in a statement to the stock exchange.

Analysts on average expected HDFC to post a net profit of Rs 1506 crore, according to Thomson Reuters I/B/E/S.