HDFC Ltd Q2 profit more than halves to Rs 4,600 cr ...Middle East

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Mortgage lender HDFC Ltd's profit after tax declined by more than half to Rs 4,600 crore on a consolidated basis in the quarter ended on September 30, 2020. The company had reported a profit after tax of Rs 10,389 crore in the year-ago quarter. It said during the quarter ended September 30, 2019, Rs 8,000 crore pertained to profit on loss of control of a subsidiary, GRUH Finance. The stake sale of GRUH Finance by the housing finance player was to facilitate the merger of GRUH with Bandhan Bank.

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