MUMBAI, May 8 (Reuters) - 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)