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  • OCTOBER 17, 2000

HDFC's 2Q profits up by 20%

HDFC has reported a year on year 21% increase in the operating income for the 2QFY01. The company's profits growth has been fueled by a whopping 495% rise in other income. Its net margins are however declined to 19.9%.

(Rs m) 2QFY00 2QFY01 Change
Operating Income 4,839 5,862 21.1%
Other Income 6 38 495.2%
Profit after Tax/(Loss) 971 1,164 19.8%
Net profit margin (%) 20.1% 19.9%  
Diluted number of shares (m) 119.1 119.1  
Diluted Earnings per share* 32.6 39.1  
*(annualised)      

At the current market price of Rs 460, HDFC gets a P/E multiple of 12 times its 2QFY01 annualised earnings.

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