IndiaInsurance
5th May 2009, 06:39 AM
HDFC, India s largest home loan financing company, impressed the stock markets on Monday despite a 4.5% slide in its net earnings for the fourth quarter. Its profit after tax was down to Rs 733.37 crore from Rs 768.12 crore a year earlier. The company, however, said its Q4 profit in 2007-08 was inflated by a one-time gain of Rs 202 crore from the sale of its 26% stake in HDFC General Insurance to Munich Re. Excluding the one-time gain, the net profit for the quarter would have been higher by 20%. The stock was among the best performers on the ...
More... (http://in.biz.yahoo.com/090504/50/bative.html)
More... (http://in.biz.yahoo.com/090504/50/bative.html)