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    HDFC Q1 results: Profit dips 5% YoY to Rs 3,052 cr, provisions rise

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    Mortgage lender HDFC on Thursday said its net profit fell 4.7 per cent to Rs 3,052 crore for June quarter compared with Rs 3,203 crore in the same quarter last year. The profit came in much higher than a Rs 2,495 crore estimate that analysts had made in an ETNow poll. The HFC made a total of Rs 4,452 crore in provisions for June quarter. Out of this, Rs 1,999 crore was made towards provisioning of standard assets and Rs 2,453 crore towards non-performing assets.

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