MUMBAI May 8 Housing Development Finance Corp
(HDFC), India's biggest mortgage lender, reported a
17.3 percent rise in net profit for the Jan-March quarter on
Wednesday, helped by higher disbursal.
Standalone net profit for the fiscal fourth quarter was
15.55 billion rupees ($287.46 million) compared with 13.26
billion rupees a year earlier, and total income rose 16 percent
to 56.66 billion rupees over the same period.
HDFC's loan book at end-March stood at 1.7 trillion rupees,
up 20.6 percent from a year earlier, it said in a statement to
the stock exchange.
Analysts on average expected HDFC to post a net profit of
15.06 billion rupees, according to Thomson Reuters I/B/E/S.
($1 = 54.0950 rupees)
(Reporting by Aditi Shah; Editing by Anand Basu)