Hindusthan Udyog Reports 957% Surge in Q1 Consolidated Net Profit
Hindusthan Udyog Limited, a Kolkata-based company, reported a consolidated net profit of Rs 957.46 crore for Q1, up from Rs 1,603.28 crore in the previous year. Standalone net profit improved to Rs 27.67 crore from a loss of Rs 28.82 crore. Other income increased to Rs 131.81 crore. The profit boost was largely attributed to Rs 925.79 crore contribution from associate companies. The Board approved the re-appointment of Mr. B.K. Mawandia as an Independent Director and appointed M/s. Vidhya Baid & Co. as Secretarial Auditor.