Leading mortgage lender on Monday reported 53.74 per cent year-on-year rise in profit at Rs 2,190 crore for the quarter ended June.
The non-banking financial company (NBFC) had posted profit of Rs 1,424.47 crore in the corresponding quarter last year.
Analysts in an ETNow poll has predicted a profit of Rs 2,173 crore for the quarter under review.
Net interest income jumped 41 per cent YoY to Rs 3,531 crore for the quarter under review as against Rs 2,505 crore in the same period last year.
The board on the NBFC approved raising of external commercial borrowing (ECB) up to $1.5 billion equivalent from financial institutions, banks, multilateral financial agencies, mutual fund, body corporate, firms, association of person or such other entities, subject to approval of the Reserve Bank of India.
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