HDFC Bank Q1 net rises to Rs 239 cr

HDFC Bank Ltd on Friday posted a 30.38 per cent rise in net profit at Rs 239.30 crore (Rs 2.39 billion) for the quarter ended June 30, as compared to Rs 183.53 crore (Rs 1.83 billion) for the corresponding quarter in the year 2005-06.

The total income rose to Rs 1855.08 crore (Rs 18.55 billion) for the first quarter in 2006-07 from Rs 1157.68 crore in the year-ago period, up 60.24 per cent, the bank informed the Bombay Stock Exchange.

Shares of the Bank were trading at Rs 733.15, down 1.89 per cent on the BSE.