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HDFC DECLARED ITS Q2 RESULTS TODAY 18 OCT 2010

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HDFC Ltd. has declared its Q2 (quarter second) results today. The company’s Q2 net profit surged 21.70% to touch Rs.808 crore vs Rs.663.9 crore last quarter. Its net interest income was up 25% at Rs 1,189 crore verses Rs 947 crore last quarter. Also other income was quoted at Rs 4.7 crore versus Rs 5.4 crore. The company has seen huge growth of 18.73% in loan products.

The average 12-month Earnings per share was at Rs 20.23 per share. Also its price-to-earnings (P/E) ratio was 35.34. As per the result, the latest book value of the company is Rs 104.05 per share. The overall dividend yield of the company was found to be 1.01 %.

If you still plan to invest in this growing sector, then the HDFC is my first destination for long term horizon. As we tremendous growth potential from this company. We recommend investor to stay invested in this stock with huge growth potential in future.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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