HDFC shares gain over 2 pc after Q1 earnings

Shares of HDFC Ltd on Friday rose over 2 per cent after the company reported a 46 per cent rise in standalone net profit for the first quarter ended June 30.

The shares of the company gained 1.75 per cent to close at Rs 2,124.10 on the BSE. During the day, it rose 2.92 per cent to Rs 2,148.60.

At the NSE, shares went up 2.34 per cent to close at Rs 2,135.75.

The country's largest mortgage lender on Friday reported a 46 per cent rise in standalone net profit to Rs 3,203.10 crore for the first quarter ended June 30.

The company had posted a net profit of Rs 2,190 crore during the corresponding April-June period of 2018-19.

Total income (standalone) increased to Rs 12,996.11 crore in the first quarter as against Rs 9,951.98 crore in the same period of the preceding fiscal, HDFC Ltd said in a regulatory filing.