Latest News | HUDCO Q2 Net Profit Down 19 Pc at Rs 370.40 Cr

New Delhi, Nov 11 (PTI) State-owned Housing and Urban Development Corporation Ltd (HUDCO) on Thursday reported a 19 per cent decline in its consolidated net profit to Rs 370.40 crore for the second quarter ended September 30.

Its profit stood at Rs 457.25 crore in the year-ago period.

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The total income also fell to Rs 1,745.62 crore in the second quarter of this fiscal from Rs 1,865.50 crore in the year-ago period, the company said in a regulatory filing.

Housing and Urban Development Corporation (HUDCO) provides loans for housing and urban infrastructure projects.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)