HDFC = QTRLY RESULTS = Q3 FY 2011 (ENDING 31,DEC, 2010) = EXCELLENT PERFORMANCE

Housing Development Finance Corporation Limited

NSE Symbol    HDFC

HDFC has declared EXCELLENT results for Q/e Dec,2010.

NET SALES : is Rs.3149 Cr – up by 8.34% from Q2; by 12.58% from Q1; Up by 10.61% from Q4 FY10 and Up by 16.39% from Q3 of FY10. Thus, sales are registering consistent improvement every quarter.

PROFIT FROM OPERATIONS is Rs.3034 cr – up by 8.83% from Q2; up by 13.14% from Q1; Up by   9.4% from Q4 FY10; and up by 16.46% from Q3 of FY10.

NET PROFIT is Rs.891 Cr – up by 10.32% from Q2; up by 28.26% from Q1; Down by 3.83% from Q4 FY10; and UP by 32.72% from Q3 of FY10. A10.32% gain QOQ and 32.72% Gain is a good improvement by HDFC.

Basic EPS  is Rs.6.09 for Q3 ;  Rs.5.53 for Q2 (on a Face Value of Rs.2);

But, the same is Rs.24.02 for Q1; Rs.32.24 for Q4 FY10 and Rs.23.47 for Q3 FY 10 on a Face Value of Rs.10. Thus, the improvement in EPS is excellent.

RESULTS IN FIGURES :

HDFC	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10	31-Dec-09
Net Sales	314895	290655	279713	284688	270557
DIF %1	3149	8.34	12.58	10.61	16.39
Employees Cost	4505	4696	4515	3240	3887
Depreciation	555	441	401	528	449
Other Expenditure	6472	6776	6661	3622	5737
Total Expenditure	11532	11913	11577	7390	10073
Profit from Operations	303363	278742	268136	277298	260484
DIF %2	3034	8.83	13.14	9.4	16.46
Other Income	17209	6367	482	5244	5664
Interest	199284	171755	171959	155954	170423
Profit before tax	121288	113354	96659	126588	95725
Tax expense	32200	32600	27200	33950	28600
Net Profit	89088	80754	69459	92638	67125
DIF %3	891	10.32	28.26	-3.83	32.72
Dividend (%)	-	-	-	360	-
Face Value.Rs	2	2	10	10	10
Paid Up Equity	-	-	29095	28711	28586
Basic EPS	6.09	5.53	24.02	32.24	23.47
Diluted EPS	5.91	5.45	23.54	31.32	22.65
Public holding (%)	0	0	100	0	100

ANNOUNCEMENTS

TO THE EXCHANGE

 14-01-2011 Housing Development Finance Corporation Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 314895 lacs for quarter ending on 31-DEC-2010 against Rs. 270557 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 89088 lacs for the quarter ending on 31-DEC-2010 against Rs. 67125 lacs for the quarter ending on 31-DEC-2009.

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