Home loan provider Housing Development Finance Corporation has announced a consolidated net profit of Rs 2,713 crore for the financial year ended March 31 registering a growth of 56% over the year-ago period.

The firm had posted net profit of Rs1,741.98 crore in the financial year ended 2007.

Total revenue for the fiscal year 2008 has increased to Rs 8,818.42 crore from Rs 6,393.19 crore reported during the previous year.

HDFC, founded 1977 by Hasmukhbhai Parekh, is an Indian company which is primarily in the business of providing home loans.

The company's distribution network spans 243 outlets that include 49 offices of HDFC's distribution company, Home Loan Services India Private Limited (HLSIL).