HUDCO 52nd AGM: Posts Profit of Rs 1716 cr during FY 21-22

New Delhi: The Housing & Urban Development Corporation (HUDCO) held its 52nd Annual General Meeting through video conferencing on September 26, 2022. Shri Kamran Rizvi, Chairman & Managing Director, HUDCO chaired the meeting and addressed the shareholders to apprise them of the outstanding performance of the Company during the year. 

During the financial year 2021-22, HUDCO posted the highest ever PAT of Rs 1716.60 crore as against Rs 1578.58 crore in FY 2020-21, which is an increase of 8.7% compared to last year. In line with the excellent performance of the company, HUDCO paid a total dividend of Rs 700.66 crore to shareholders for FY 2021-22, as against Rs 435.41 crore for the FY 2020-21, which is an increase of 60.9% compared to last year. 

The outstanding performance of HUDCO in the FY 2021-22 has resulted in an increase of the net worth of the company to Rs 14,468.31 crore, which was Rs 13,189.05 crore in the previous year.

Shri Kamran Rizvi, Additional Secretary, Ministry of Housing & Urban Affairs & CMD HUDCO, Shri M Nagaraj, Director Corporate Planning, Shri D Guhan, Director Finance, Shri Kuldip Narayan, Director, HUDCO & JS (HFA), Shri Ravinder Kumar Ray, Director, Dr. Siyaram Singh, Director, Smt. Sabitha Bojan, Director, Shri Banshi Lal Gujar, Director, and Shri Harish K Sharma, Company Secretary were present at the AGM.