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HSCC gets a pat on the back for ‘remarkable jump’ in turnover

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The government-run PSU — Hospital Services Consultancy Corporation (HSCC) India Ltd — has received a pat on the back from Union Minister of Health and Family Welfare J P Nadda for posting a “remarkable turnover jump” of 92.26 per cent, growing to Rs 1,106 crore during financial year 2015-16 as compared to Rs 575.77 crore in the previous year.

The minister congratulated HSCC on its remarkable turnover jump of 92.26 per cent. HSCC posted a dividend of 683 per cent on paid up capital, amounting to Rs 16.38 Crore, out of current years profit for the year 2015-16, an official statement said. Nadda chaired the dividend paying ceremony of HSCC at New Delhi’s Nirman Bhavan on Tuesday.

At the 33rd Annual General Body Meeting of HSCC (India) chaired by C K Mishra, Secretary, Health and Family Welfare, it was declared that the PSU posted a dividend of 683 per cent on paid up capital, amounting to Rs.16.38 Crore, out of current years profit for the year 2015-16.

The company earned an excellent net profit of Rs 54.62 crore (FY 2015-16) as compared to Rs 24.54 crore earned in previous year, posting 122.58 per cent growth.

This is the 32nd consecutive year the company declared the dividend. Upon paying this years dividend, cumulative dividend paid to Government of India would be Rs 56.90 crore, around 24 times of current paid up equity capital of the company.

“This performance is particularly remarkable when viewed against the backdrop of the extremely challenging business context in which it was achieved, namely, a slowdown in the economy and high levels of inflation,” the statement said.

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