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May 29, 2015 11:16 PM ET

Diversified Financial Services

Company Overview of Housing and Urban Development Corporation Ltd.

Company Overview

Housing and Urban Development Corporation Limited provides finance for housing/infrastructure projects in India. The company offers project financing services, including loans for housing projects, such as urban and rural housing, co-operative housing, community toilets, slum up-gradation, staff housing, repairs and renewals, private sector projects, land acquisition, and housing programs; take out finance for housing and infrastructure projects to state government, public agencies, and private corporate sector agencies; loans for implementing agencies comprising state government bodies, co-operative societies, co-operative employers, and community sectors; and building technology and rent t...

HUDCO Bhawan

Core 7-A

India Habitat Centre

Lodhi Road

New Delhi,  110003

India

Founded in 1970

Phone:

91 11 2464 9610

Fax:

91 11 2462 5308

Key Executives for Housing and Urban Development Corporation Ltd.

Chairman and Managing Director
Age: 54
Director of Finance and Director
Chief Vigilance Officer
Company Secretary
Executive Director of Human Resources and Management & Administration
Compensation as of Fiscal Year 2014.

Housing and Urban Development Corporation Ltd. Key Developments

Housing and Urban Development Corporation Ltd. Announces Un-Audited Standalone Financial Results for the Six Months and Year Ended March 31, 2015

Housing and Urban Development Corporation Ltd. announced un-audited standalone financial results for the six months and year ended March 31, 2015. For the six months, the company reported net sales/income from operations of INR 18,935.1 million against INR 16,073.7 million a year ago. Profit from operations before other income was INR 10,822.2 million against INR 4,934.0 million a year ago. Profit from ordinary activities before tax was INR 6,882.3 million against INR 6,551.7 million a year ago. Net profit from ordinary activities after tax was INR 4,657.5 million against INR 4,175.8 million a year ago. Earnings per share were INR 232.65 against INR 208.59 a year ago. For the year, the company reported net sales/income from operations of INR 33,985.3 million against INR 28,968.1 million a year ago. Profit from operations before other income was INR 13,695.7 million against INR 9,537.7 million a year ago. Profit from ordinary activities before tax was INR 11,462.6 million against INR 11,159.7 million a year ago. Net profit from ordinary activities after tax was INR 7,762.0 million against INR 7,263.4 million a year ago. Earnings per share were INR 387.73 against INR 362.83 a year ago. Return on assets was 2.82% against 2.75% a year ago.

Housing and Urban Development Corporation Ltd., Board Meeting, May 08, 2015

Housing and Urban Development Corporation Ltd., Board Meeting, May 08, 2015. Agenda: To take record of un-audited standalone financial results for the six months and year ended March 31, 2015.

Housing and Urban Development Corporation Ltd. Reports Unaudited Standalone Earnings Results for the Six Months Ended Sept. 30, 2014

Housing and Urban Development Corporation Ltd. reported unaudited standalone earnings results for the six months ended Sept. 30, 2014. For the six months, net sales /income from operations was INR 15,050.2 million compared to INR 13,376.1 million a year ago. Profit from operations before other income was INR 3,073.5 million compared to INR 1,979.9 million a year ago. Profit from ordinary activities before tax was INR 4,580.5 million against INR 4,484.2 million a year ago. Net profit was INR 3,104.5 million or INR 155.08 per share compared to INR 3,021.1 million or INR 150.91 per share a year ago. Return on assets was 1.15%, compared to 1.33% for the last year.

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