New Delhi, Jun 26 (PTI) State-owned HUDCO on Friday reported a 87 per cent rise in its consolidated net profit to Rs 440.91 crore for the quarter ended March.

Its net profit stood at Rs 236.29 crore in the year-ago period.

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The company's total income rose to Rs 1,900.40 crore in the March 2020 quarter from Rs 1,493.35 crore a year ago, according to a regulatory filing.

Net profit rose to Rs 1,708.20 crore, from Rs 1,179.85 crore in the 2018-19.

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Total income went up to Rs 7,571.84 crore in the financial year 2019-20 from Rs 5,591.22 crore in the previous year.

HUDCO is a policy institution that provides housing finance and non-commercial urban infrastructure financing. It is regulated by the National Housing Bank and is under the administrative control of the Ministry of Housing and Urban Affairs.

(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)