HUDCO Q2 Results: Profit Rises 52% To Rs 689 Crore

Housing and Urban Development Corporation's net profit stood at Rs 451.65 crore in the year-ago period.

PTI

HUDCO's total income rose to Rs 2,526.14 crore in the second quarter of this fiscal year.

(Residential buildings developed by Hudco under EWS PMAY scheme in Andhra Pradesh. Source: company website)

Housing and Urban Development Corporation Ltd. (HUDCO) on Tuesday reported a 52% increase in consolidated net profit to Rs 688.62 crore for the September quarter. Its net profit stood at Rs 451.65 crore in the year-ago period.

The company's total income rose to Rs 2,526.14 crore in the second quarter of this fiscal year from Rs 1,880.85 crore in the corresponding period of the preceding year, according to a regulatory filing.

HUDCO is a premier techno-financing public sector enterprise, in the field of housing and infrastructure development.

Also Read: HUDCO Agrees To Lend Rs 11,000 Crore For Amaravati Capital City Development

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