The Board of Housing & Urban Development Corporation at its meeting held on 25 September 2024 has appointed Daljeet Singh Khatri, Director (Finance) as Chief Financial Officer (CFO) of the Company in place of Reva Sethi, with immediate effect.Powered by Capital Market - Live News

Housing & Urban Development Corp. announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live News

Housing & Urban Development Corporation (HUDCO) announced that Daljeet Singh Khatri (DIN: 06630234) has assumed the charge of Director (Finance), HUDCO w.e.f. 14 August 2024. He is an Associate Member of the Institute of Cost Accountants of India. He is also a Certified Associate of Indian Institute of Bankers. Daljeet Singh Khatri has over 26 years of experience in various Financial Institutions such as REC, SIDBI and NHB. Prior to joining HUDCO, he was working with REC as Executive Director (Finance). He was instrumental in implementation of various systemic improvements in REC. He has diverse experience in core finance functions such as Domestic and International Funds Mobilization, Treasury Management, Project Appraisal, Assets and Liability Management, Risk Function, Financial Concurrence and Formulation of Financial Policies, Contracts and Procurement Management etc. Powered by Capital Market - Live News

Net profit of Housing & Urban Development Corporation rose 25.15% to Rs 557.75 crore in the quarter ended June 2024 as against Rs 445.65 crore during the previous quarter ended June 2023. Sales rose 18.76% to Rs 2188.35 crore in the quarter ended June 2024 as against Rs 1842.61 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2188.351842.61 19 OPM %97.8696.74 - PBDT686.66600.24 14 PBT684.70597.76 15 NP557.75445.65 25 Powered by Capital Market - Live News

Housing & Urban Development Corp. will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live News