The Housing and Urban Development Corporation (HUDCO) has announced the appointment of Daljeet Singh Khatri as its new director (finance) effective from August 14, 2024.
What Happened: “Daljeet Singh Khatri has assumed the charge of director (finance), HUDCO with effect from August 14, 2024,” the company informed in an exchange filing.
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Khatri brings with him over 26 years of experience in various financial institutions such as REC, SIDBI, and NHB. Prior to joining HUDCO, he held the position of executive director (Finance) at REC. His tenure at REC was marked by the implementation of various systemic improvements, and he possesses diverse experience in core finance functions.
Earlier in the month, the company reported its quarterly results. The company reported a net profit of ₹557 crore, marking a 25% increase from the same quarter last year. The total revenue from operations also grew by around 18% to ₹2,188 crore.
Price Action: HUDCO’s share price was up 0.38% to trade at ₹288.65 on Wednesday afternoon.
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