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HDFC net up 32.4% at Rs 534cr

The net profit after tax of HDFC grew 32.4 per cent to Rs 534.23 crore for the quarter ended September 2008 against Rs 403.44 crore excluding exceptional items in the corresponding quarter last year. The company had reported an exceptional item in Q2 FY08 of Rs 313.25 crore, which was the profit made on sale of its stake in BPO firm Intelent Global Services.

The net interest income was up 29 per cent at Rs 857.80 crore for the quarter ended September 30, 2008 when compared with Rs 664.9 crore in the corresponding period a year ago.

During the six months ended September 30, 2008 aggregated approvals went up 28 per cent to Rs 24,180 crore as compared to Rs 18,948 crore during the corresponding period in the previous fiscal.
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