Shares of Housing and Urban Development Corporation (HUDCO) declined by means of nine% to Rs. 36.9, after the employer mentioned default in repayment of sure dues.
The PSU, in an trade submitting, said that two of its borrowing companies have defaulted within the repayment of their dues. The filing stated that the defaulted quantity is Rs 87.Forty six crore in opposition to a predominant terrific of Rs 869.4 crore as at the date of the filing.
The company additionally said that the organizations in question have been categorized as NPAs with “an effect of 1.14% on Gross NPA”. Gross NPAs in Q2 had been at four.2% at Rs 3,196.2 crore.
However, the company’s internet earnings rose 2.16 instances to Rs 725.84 crore in Q2 compared to Rs. 335.Sixty eight crore in Q1FY20.
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