Friday, 1 January 2016

HDFC profit on sale of investments down by 50%

Income from dividend for the quarter ended December 31, 2015 was Rs. 135 crore compared to Rs. 103 crore in the corresponding quarter of the previous year.


HDFCHousing Development Finance Corporation Ltd has announced that ​Profit on Sale of Investments for the quarter ended December 31, 2015 was Rs. 57 crore compared to Rs. 113 crore in the corresponding quarter in the previous year.

Income from dividend for the quarter ended December 31, 2015 was Rs. 135 crore compared to Rs. 103 crore in the corresponding quarter of the previous year. This includes dividend of Rs. 127 crore from HDFC Standard Life Insurance Company Limited.

The Corporation, under the loan assignment route sold loans amounting to Rs. 1,240 crore in the quarter ending December 31, 2015 to HDFC Bank (compared to Rs. 1,234 crore during the corresponding quarter of the previous year).

Loans sold in the preceding twelve months amounted to Rs. 12,975 crore.

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