NET PROFIT

hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

14 Nov 2019
nbcc-reports-net-profit-of-over-384-crore-in-2018-19

NBCC reports net profit of over 384 crore in 2018-19

The State-owned infrastructure giant NBCC (India) Limited has kept its trend of growth and has made significant gains. In the last financial year that ended in March 2019 the NBCC has reported standalone net profit of Rs. 384.11 crore. This is against Rs. 333.60 crore during the previous financial year and, thus, the company has registered a growth of 15.14 per cent.

 

The standalone total income for the financial year 2018-19 stood at Rs. 7432.22 crore as compared to Rs. 6011.14 crore through the previous year.

 

The consolidated total income for FY 2018-19 came to Rs 10151.37 crore as compared to Rs 8609.62 crore the previous financial year.

 

For the quarter ended March 31, 2019, the company’s standalone total income stood at Rs. 2424.09 crore as against Rs. 2223.32 crore of Q4 of the previous year. The net profit for the period stood at Rs. 152.75 crore as compared to Rs. 141.65 crore in the corresponding quarter the previous year.

 

Expressing satisfaction over the gains made by the company as shown by the audit report, NBCC Director (Commercial) Rajendra Chaudhari said, “The financial performance of the company is encouraging and is expected to go up further. In the FY 19-20, we shall be extra determined and fast track steps to achieve a strong market share through further growth.”

 

Neelesh Shah, Director (Projects) too felt confident about keeping up the growth of the company and better its performance in the current fiscal year, or 2019-20.

11 Jun 2019
hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

By IndianMandarins 14 Nov 2019

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

nbcc-reports-net-profit-of-over-384-crore-in-2018-19

NBCC reports net profit of over 384 crore in 2018-19

By IndianMandarins 11 Jun 2019

The State-owned infrastructure giant NBCC (India) Limited has kept its trend of growth and has made significant gains. In the last financial year that ended in March 2019 the NBCC has reported standalone net profit of Rs. 384.11 crore. This is against Rs. 333.60 crore during the previous financial year and, thus, the company has registered a growth of 15.14 per cent.

 

The standalone total income for the financial year 2018-19 stood at Rs. 7432.22 crore as compared to Rs. 6011.14 crore through the previous year.

 

The consolidated total income for FY 2018-19 came to Rs 10151.37 crore as compared to Rs 8609.62 crore the previous financial year.

 

For the quarter ended March 31, 2019, the company’s standalone total income stood at Rs. 2424.09 crore as against Rs. 2223.32 crore of Q4 of the previous year. The net profit for the period stood at Rs. 152.75 crore as compared to Rs. 141.65 crore in the corresponding quarter the previous year.

 

Expressing satisfaction over the gains made by the company as shown by the audit report, NBCC Director (Commercial) Rajendra Chaudhari said, “The financial performance of the company is encouraging and is expected to go up further. In the FY 19-20, we shall be extra determined and fast track steps to achieve a strong market share through further growth.”

 

Neelesh Shah, Director (Projects) too felt confident about keeping up the growth of the company and better its performance in the current fiscal year, or 2019-20.

sail-bounces-back:-net-profit-of-rs-2179-crs-during-fy’19

SAIL bounces back: Net profit of Rs 2179 crs during FY’19

By IndianMandarins 30 May 2019

Steel Authority of India Limited (SAIL) has staged an impressive turnaround by clocking a Net Profit during the Financial Year 2018-19 after three consecutive years of losses. Anil Kumar Chaudhary, Chairman, SAIL, dedicated the turnaround to organisational synergy and team work.


Declaring its annual results today, the Company posted a Net Profit (Profit After Tax) of Rs. 2178.82 Crore in FY 2018-19 (FY’19) as against a net loss of Rs 481.71 Crore in FY 2017-18. During the financial year 2018-19, intensive efforts on improving physical performance throughout the year in tandem with the market conditions made it possible to achieve higher volumes, improve the product-mix and increase the share of value-added steel.

 

SAIL’s operating margin grew by more than 100% in FY’19 over CPLY indicating an overall improvement in the performance.

 

The production from new mills of SAIL plants has recorded marked improvement in FY’19, giving an enriched product basket. A dedicated logistics set-up has been created by the Company to smoothly handle the increased despatches from higher level of production. In FY’19, SAIL had the highest ever production of 9.85 lakh tonnes of UTS-90 Rail.

 

In Q4 FY’19, SAIL posted a Net Profit of Rs. 468 Crore. During this period, the EBITDA stood at Rs. 2461 Crore and the turnover was Rs. 18,323 Crore, a growth of 9% over CPLY. The Q4 FY’19 recorded growth of 10%, 8% and 14% in respect of production of hot metal, crude steel, and saleable steel respectively while sales grew at 13%.

hind-copper:-net-profit-for-fy-2018-19-jumps-83%

Hind Copper: Net profit for FY 2018-19 jumps 83%

By IndianMandarins 28 May 2019

The audited financial result of Hindustan Copper Limited (HCL) for the financial year 2018-19 was approved by its Board of Directors in the meeting held on May 28, 2019. The Net Profit for the financial year 2018-19 was Rs 145.74 crore with an increase of 83% over last year.

 

The Company’s Net Revenue from operations was Rs 1816.25 crore in 2018-19 which is best ever since its inception and is 9% higher than Rs 1670.48 crore last year. During the Q4, HCL has posted Profit Before Tax of Rs 74.63 crore compared with Rs 33.88 crore in Q4 of the corresponding period last year. The Company’s operations have posted significant increase in EBIDTA margin, during FY 19, the margin was 30% compared to 19% achieved in the last year. Operating Profit Margin during FY 19 was 14.19% compared to 6.23% achieved last year.

 

During the FY 2018-19, the Company achieved a robust physical performance. The Copper Ore production was 41.22 lakh tonne which is highest in last 21 years and 12% higher than last year’s 36.75 lakh tonne. The achievement of Ore production is in line with the production ramp-up plan of the Company to 200 lakh tonne.

 

Total Copper sales volume was 38,273 MT which is the highest in last 9 years and 5% higher than last year’s 36,435 MT. During 2018-19, the Company earned record foreign exchanges of Rs 842.67 crore as against Rs 340.69 crore during FY 2017-18 which is mainly due to increased export volume of Copper Concentrate. During the year, Capex was Rs 592.43 crore. The Malanjkhand underground mine project which is the flagship expansion project of the Company is progressing as per schedule. It is planned to commence production from the underground mine in FY 2019-20.

 

The Board of Directors has recommended payment of dividend @ 5.05% approx. on Net Worth, i.e. Re 0.52 per share on Rs. 5/- face value for the year 2018-19, for approval of shareholders in the Annual General Meeting.

hudco-posts-robust-financial-results-in-2018-19

HUDCO posts robust financial results in 2018-19

By IndianMandarins 28 May 2019

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.

 

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.

 

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.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.