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HUDCO posts robust financial results

M. Nagaraj, CMD, HUDCO, shared the highlights of HUDCO’s robust performance in 2019-2020, wherein the company has

HUDCO

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  1 July 2020 9:33 AM GMT

GUWAHATI: M. Nagaraj, CMD, HUDCO, shared the highlights of HUDCO's robust performance in 2019-2020, wherein the company has recorded outstanding financial results in its golden jubilee year witnessing a 45% growth in net profit that has touched an all-time high of Rs 1708.42 crore in 2019-2020, from Rs 1180.15 crore in 2018-2019. HUDCO has seen a 13% growth in its net worth that has reached Rs 12343.49 crore in 2019-20, from Rs 10955.77 crore in 2018-2019. The net total income also witnessed a quantum jump of 35% to Rs 7571.64 crore in 2019-2020, from Rs 5591.22 crore in 2018-2019. Further, D. Guhan, Director (Finance), has shared that HUDCO Board has also approved an all-time high dividend of Rs 3.10 per share subject to approval by the shareholders. The above includes interim dividend of Rs 0.75 per share paid in March, 2020. The total dividend recommended by the Company is Rs 620.59 crore as against Rs 165.16 crore in the previous year. Further, HUDCO's Net NPA is 0.19%, which is among the lowest in the sector, stated a press release.

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