HUDCO reports 52 per cent increase in net profit

Housing and Urban Development Corporation n Monday reported 52 per cent increase in net profit at Rs 210.85 crore for the quarter ended June.
HUDCO's revenue increased to Rs 929.08 crore from Rs 891.11 crore (File | Reuters)
HUDCO's revenue increased to Rs 929.08 crore from Rs 891.11 crore (File | Reuters)

NEW DELHI: State-owned  Housing and Urban Development Corporation (HUDCO) on Monday reported 52 per cent increase in net profit at Rs 210.85 crore for the quarter ended June.
 
Its net profit stood at Rs 138.74 crore in the year-ago period, the company said in a regulatory filing.
 
The company's revenue increased to Rs 929.08 crore from Rs 891.11 crore in the corresponding period of the previous year.

HUDCO, a ‘Miniratna’ firm, provides loans for housing and urban infrastructure projects.

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