Housing and Urban Development Corporation Ltd. (HUDCO) announced its financial results for the quarter ending December 31, 2024, reporting significant year-on-year growth across key metrics.
Key Financial Highlights:
-
- Revenue from Operations: ₹2,760.23 crore, a 37.14% YoY increase from ₹2,012.66 crore in Q3 FY24.
- Total Income: ₹2,770.14 crore, up 37% YoY from ₹2,022.94 crore in Q3 FY24.
- Profit Before Tax: ₹931.66 crore, growing 34% YoY from ₹696.13 crore in Q3 FY24.
- Net Profit: ₹735.03 crore, marking a 41% YoY surge from ₹519.23 crore in Q3 FY24.
QoQ Performance:
- Revenue from Operations increased by 9.6% from ₹2,517.72 crore in Q2 FY25.
- Net Profit rose by 9.4% from ₹671.43 crore in the previous quarter.
Operational Highlights:
- Interest Income: The core driver of revenue, reached ₹2,745.54 crore, up from ₹1,980.12 crore in Q3 FY24.
- Finance Costs: ₹1,762.49 crore, reflecting an increase from ₹1,312.73 crore in the year-ago period.
- Total Expenses: ₹1,838.48 crore, rising from ₹1,326.85 crore in Q3 FY24 due to higher operational costs.
Outlook:
HUDCO continues to benefit from its strategic focus on lending for urban infrastructure development and housing projects. The robust revenue growth and improved profitability reflect the company’s operational efficiency and strong demand in its core sectors.
Disclaimer: The above information is for informational purposes only and should not be considered financial advice.
