PROFIT AFTER TAX

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-signs-annual-mou-with-ministry-of-fy-2019-20

NBCC signs annual MoU with Ministry of FY 2019-20

NBCC (India) Ltd, a Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA) has signed Memorandum of Understanding (MoU) for the FY 2019- 20 with its administrative Ministry on 3rd June 2019. The signed MoU outlines performance targets for the Company based on various financial parameters, dynamic parameters, sector specific and enterprise specific parameters. Sales turnover of the company has been fixed at Rs. 9,500 crore and operating profit has been targeted at 5% of revenue from operations (net). Profit After Tax (PAT) has been targeted as 27% of Average Net Worth.

 

Further, the MoU has laid specific emphasis on achieving set parameters with respect to completion of projects above Rs. 150 crore without time overrun. Among other additional parameters significant to the MoU, include new order-book target, return from three subsidiaries of the company, Human Resource Management and procurement of large number of overseas orders.

 

The annual MoU has been signed by Durga Shanker Mishra (IAS:1984:UP) on behalf of the MoHUA and Das Meena (IAS:1989:TN), CMD, NBCC, on behalf of NBCC.

 

Senior Executives from the Ministry and NBCC were also present on the occasion. Giving broad outlook to the Company’s future operations and growth scale, CMD, NBCC said that NBCC is aggressively focusing upon project implementation to convert the projects in-hand into deliverables, thereby enhancing its brand value. Capitalising on new market opportunities by strengthening its core competencies, pursuing high-value projects in domestic and overseas markets and diversifying into new areas of operation, NBCC is poised to achieve enviable heights this year onwards.

 

During the FY18-19, NBCC (India) Ltd. has registered a turnover of Rs. 7,141.60 crore (21.63% growth over previous year) and net profit of Rs. 384.11 crore (an increase of 15.14% over previous year). 

06 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-signs-annual-mou-with-ministry-of-fy-2019-20

NBCC signs annual MoU with Ministry of FY 2019-20

By IndianMandarins 06 Jun 2019

NBCC (India) Ltd, a Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA) has signed Memorandum of Understanding (MoU) for the FY 2019- 20 with its administrative Ministry on 3rd June 2019. The signed MoU outlines performance targets for the Company based on various financial parameters, dynamic parameters, sector specific and enterprise specific parameters. Sales turnover of the company has been fixed at Rs. 9,500 crore and operating profit has been targeted at 5% of revenue from operations (net). Profit After Tax (PAT) has been targeted as 27% of Average Net Worth.

 

Further, the MoU has laid specific emphasis on achieving set parameters with respect to completion of projects above Rs. 150 crore without time overrun. Among other additional parameters significant to the MoU, include new order-book target, return from three subsidiaries of the company, Human Resource Management and procurement of large number of overseas orders.

 

The annual MoU has been signed by Durga Shanker Mishra (IAS:1984:UP) on behalf of the MoHUA and Das Meena (IAS:1989:TN), CMD, NBCC, on behalf of NBCC.

 

Senior Executives from the Ministry and NBCC were also present on the occasion. Giving broad outlook to the Company’s future operations and growth scale, CMD, NBCC said that NBCC is aggressively focusing upon project implementation to convert the projects in-hand into deliverables, thereby enhancing its brand value. Capitalising on new market opportunities by strengthening its core competencies, pursuing high-value projects in domestic and overseas markets and diversifying into new areas of operation, NBCC is poised to achieve enviable heights this year onwards.

 

During the FY18-19, NBCC (India) Ltd. has registered a turnover of Rs. 7,141.60 crore (21.63% growth over previous year) and net profit of Rs. 384.11 crore (an increase of 15.14% over previous year). 

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%.

hudco-posts-51.80%-growth-in-pat

HUDCO posts 51.80% growth in PAT

By IndianMandarins 26 Jul 2017

HUDCO's Quarterly results for the Quarter ended 30th June, 2017 are out. It has posted 51.80% growth in Profit After Tax (PAT) in comparison with corresponding quarter ended June, 2016. HUDCO's sanctions increased by 100% on QoQ basis and in the same period disbursements increased by 38% on QoQ basis. HUDCO is also extending financial assistance for flagship schemes of many State Govts. like Safe Drinking Water Project 'Mission Bhagirathi' and 'Two Bed Room Housing' of Govt. of Telangana and Affordable Housing Project of Govt. of Andhra Pradesh. During April - June quarter, HUDCO sanctioned loans to various housing projects to Uttar Pradesh, under Pradhan Mantri Awas Yojana (Urban) & Pradhan Mantri Awas Yojana (Gramin) besides, Urban Infrastructure Schemes for improvement of roads and construction of bridges. HUDCO is one of the Central Nodal Agencies (CNA) to channelize the subsidy under the Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme (CLSS) and is making efforts in 'Reaching the Unreached'. The 47 years old CPSE has been an integral part of Govt of India's actionable programmes & policies related to housing and urban infrastructure. HUDCO has financed various prestigious projects such as Cochin International Airport, National Games Village - Imphal, Bangalore Metro Rail, etc.   

free stat counter

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.

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.