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HUDCO records 87 percent increase in Q4 profit at Rs 440.91 crore

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State-run finance provider HUDCO on 26 June reported an 87 percent increase in its consolidated net profit to Rs 440.91 crore for Q4.

In a filing with the exchange, HUDCO said, “The company has reported an 87% of its consolidated net profit to Rs 440.91 crore for the quarter ended March 2020, compared to Rs 236.29 crore for the same quarter a year ago.”

“The company’s total income stood at Rs 1,900.40 crore in the March 2020 quarter from Rs 1,493.35 crore a year ago.” the filing said.

Adding to the filing, the company reported, “The total income increased to Rs 7,571.84 crore in the financial year 2019-20, compared to Rs 5,591.22 crore a year ago.”

“The net profit increased to Rs 1,708.20 crore from Rs 1,179.85 crore in 2018-19,” the filing reported.

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