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World Business News |
Chennai News
Monday,
January 10, 2005 (Mumbai):
Kicking off the earnings season, HDFC Bank today reported
a 31 per cent jump in net profit for the third quarter.
It has registered a 31.1 per cent increase in its net profit
to Rs 170.93 crore in the quarter ended December 31, 2004.
This is up from Rs 130.36 crore in the corresponding quarter
of the previous year.
The total income during the same period increased to Rs
979.55 crore, up 25.18 per cent against Rs 782.48 crore
registered last year.
The bank's net profit in the first nine months of the current
fiscal year increased by 30.6 per cent to Rs 463.19 crore,
compared with Rs 354.78 crore in the corresponding period of
the last fiscal year.
Just after the results, CLSA recommended a buy rating on the
bank while Kotak Securities retained its outperform rating.
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