HDFC share price gains post June quarter results:

HDFC

Housing Development Finance Corporation (HDFC) share price was up over a percent at open on August 3, a day after the company declared its June quarter results.

HDFC on August 2 posted a 1.7 percent fall in its Q1FY22 standalone net profit at Rs 3,000.7 crore. The company had posted a profit of Rs 3,051.5 crore in the year-ago period.

The profit number was above the market estimates, as a CNBC-TV18 poll of analysts had expected Q1 profit at Rs 2,898.7 crore. Total revenue from operations for the quarter came at Rs 11,657.47 crore, down 10.45 percent from Rs 13,017.68 of Q1FY21.

News Source:- Moneycontrol

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