Country's largest mortgage lender HDFC Ltd on Tuesday said its consolidated net profit during the first quarter ended June, 2015-16, stood at Rs 2,204.29 crore (Rs 22.04 billion).
Its consolidated net profit during the April-June quarter of the previous fiscal was at Rs 1,872.90 crore (Rs 18.72 billion).
The company said the results were not comparable on account of certain dividend payments from HDFC Bank.
In the previous financial year, the Corporation (Housing Development Finance Corporation or HDFC Ltd) received dividend of Rs 269.35 crore (Rs 2.69 billion) from HDFC Bank in June 2014 and accordingly the income was accounted for in the first quarter, it said further.