HDFC Q2 net profit up 32.14% to Rs 534 cr

Housing Development Finance Corporation, HDFC has announced its second quarter results. The company's Q2 net profit was up 32.14% from Rs 404.1 crore to Rs 534 crore. (Net Profit excluding extraordinaries).
Its net interest income, NII was up by 29% at Rs 857.8 crore versus Rs 664.9 crore.
Its other operating income was up at Rs 111.7 crore versus Rs 48.7 crore.
Total income increased by 38.18% to Rs 2615.1 crore from Rs 1892.5 crore. Other income rose to Rs 5.49 crore versus Rs 3.9 crore.
In the H1FY09, the company's approvals grew by 28% to Rs 18,948 crore and disbursements grew by 25% to Rs 17,788 crore.

Particulars	Sep-08	Jun-08	Mar-08	Dec-07
Net Sales / Interest Earned / Operating Income	2615.1	2313.48	2312.21	2150.35
Other Income	5.49	5.14	8	4.37
Total Income	2620.59	2318.62	2320.21	2154.72
Expenditure	-99.07	-1665.09	-1224.1	-1269.13
Interest	-1757.26	-	-	-
Profit Before Depreciation and Tax	764.26	653.53	1096.11	885.59
Depreciation	-4.28	-3.67	-4.49	-4.41
Profit before Tax	759.98	649.86	1091.62	881.18
Tax	-225.75	-181.75	-323.5	-232.25
Net Profit	534.23	468.11	768.12	648.93
Equity Capital	284.23	284.21	284.04	281.57