HUDCO reports a record Profit After Tax of Rs.777.63 Crore in FY 2014-15
Housing & Urban Development Corporation Limited (HUDCO) has paid a dividend of Rs.79.28 Crore to the Government of India. A cheque in this regard was handed over today to the Union Minister of Urban Development and Housing & Urban Poverty Alleviation Shri Venkaiah Naidu here. Out of the total dividend, Rs. 69.20 crore is paid to the Ministry of Housing & Urban Poverty Alleviation, Rs. 10.08 crore is paid to the Ministry of Urban Development.
Financial Highlights of HUDCO for FY 2014-15
• HUDCO posted highest ever Profit After Tax (PAT) of Rs.777.63 crore
• HUDCO sanctioned loans of Rs.21094 crore, an increase of 21% over previous year
• HUDCO disbursed Rs.7973 crore, an increase of 7% over previous year
• The Net Worth of company stand at Rs.7781 crore, rose by 9% over previous year
• The Gross NPAs of company were reduced to 6.25% from 6.76% in comparison with previous year, a decline of 8% has been registered
• The Net NPAs of company were reduced to 1.59% from 2.52% from the previous year, a decline of 37% has been registered
• The Balance sheet size of the company rose from Rs.30213 crore in previous year to Rs.33113 crore in FY 2014-15, an increase of approximately 10 % in Balance Sheet size over last year
• HUDCO has an equity base of Rs.2001.90 crore and Reserve & Surplus of Rs.5779 crore
• HUDCO retained "Excellent" MoU rating consecutively for the fourth year
• Apart from the above achievements, HUDCO also resolved various chronic default cases thus reducing NPAs.
Financial Highlights of HUDCO for FY 2014-15
• HUDCO posted highest ever Profit After Tax (PAT) of Rs.777.63 crore
• HUDCO sanctioned loans of Rs.21094 crore, an increase of 21% over previous year
• HUDCO disbursed Rs.7973 crore, an increase of 7% over previous year
• The Net Worth of company stand at Rs.7781 crore, rose by 9% over previous year
• The Gross NPAs of company were reduced to 6.25% from 6.76% in comparison with previous year, a decline of 8% has been registered
• The Net NPAs of company were reduced to 1.59% from 2.52% from the previous year, a decline of 37% has been registered
• The Balance sheet size of the company rose from Rs.30213 crore in previous year to Rs.33113 crore in FY 2014-15, an increase of approximately 10 % in Balance Sheet size over last year
• HUDCO has an equity base of Rs.2001.90 crore and Reserve & Surplus of Rs.5779 crore
• HUDCO retained "Excellent" MoU rating consecutively for the fourth year
• Apart from the above achievements, HUDCO also resolved various chronic default cases thus reducing NPAs.
Courtesy:pib.nic.in
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