(THE NEWSMAN OF INDIA.COM)
HUDCO in its 616th Board Meeting, held on Wednesday, reported remarkably high growth in all the financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for the second quarter of the current financial year. Both the Gross NPA and Net NPA are the lowest in the financing sector of a government listed company. The company registered a growth of 216 per cent in Net Profit (Profit After Tax) touching an all-time high of the second quarter to Rs 725.84 crore in the current financial year (on quarter-on-quarter basis) compared to Rs 335.68 crore of the first quarter of FY20.