Dr M. Ravi Kanth, CMD HUDCO, shared the highlights of HUDCO’s
robust performance in 2018-19, wherein the company has witnessed a 17% rise in
Net Profit that has touched an all-time high of Rs.1180 crore in 2018-19, from
Rs.1010 crore in 2017-18. HUDCO has seen a 10% growth in its net worth that has
reached Rs.10956 crore in 2018-19, from Rs. 9943 crore in 2017-18. The net
total income also witnessed a jump of 33% to Rs. 5548 crore in 2018-19, from
Rs. 4,171 crore in 2017-18. Â HUDCO has disbursed Rs. 31,009 crore, which is a growth of
87% in 2018-19, from Rs.16,565 crore in 2017-18. The balance sheet size of
HUDCO has seen a quantum jump of 49% to Rs.72829 crore in 2018-19, from Rs.
48915 crore in 2017-18. HUDCO’s Net NPA is 0.50%, which is among the lowest in
the sector. Â During the year 2018-19, a total of 20.68 lakh dwelling units
were sanctioned, including EWS and LIG category, as against 8.88 lakh units in
2017-18.
Dr M. Ravi Kanth, CMD HUDCO, shared the highlights of HUDCO’s
robust performance in 2018-19, wherein the company has witnessed a 17% rise in
Net Profit that has touched an all-time high of Rs.1180 crore in 2018-19, from
Rs.1010 crore in 2017-18. HUDCO has seen a 10% growth in its net worth that has
reached Rs.10956 crore in 2018-19, from Rs. 9943 crore in 2017-18. The net
total income also witnessed a jump of 33% to Rs. 5548 crore in 2018-19, from
Rs. 4,171 crore in 2017-18.
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HUDCO has disbursed Rs. 31,009 crore, which is a growth of 87% in 2018-19, from Rs.16,565 crore in 2017-18. The balance sheet size of HUDCO has seen a quantum jump of 49% to Rs.72829 crore in 2018-19, from Rs. 48915 crore in 2017-18. HUDCO’s Net NPA is 0.50%, which is among the lowest in the sector.
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During the year 2018-19, a total of 20.68 lakh dwelling units were sanctioned, including EWS and LIG category, as against 8.88 lakh units in 2017-18.