Latest news with #Housing&UrbanDevelopmentCorporation
Business Standard
06-08-2025
- Business
- Business Standard
Housing & Urban Development Corporation consolidated net profit rises 13.00% in the June 2025 quarter
Sales rise 34.22% to Rs 2937.31 croreNet profit of Housing & Urban Development Corporation rose 13.00% to Rs 630.23 crore in the quarter ended June 2025 as against Rs 557.75 crore during the previous quarter ended June 2024. Sales rose 34.22% to Rs 2937.31 crore in the quarter ended June 2025 as against Rs 2188.35 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 34 OPM %96.2997.86 -PBDT860.17686.66 25 PBT857.23684.70 25 NP630.23557.75 13 Powered by Capital Market - Live News
Business Standard
14-07-2025
- Business
- Business Standard
HUDCO gains after signing MoU with MPUDCL
Housing & Urban Development Corporation (HUDCO) rose 1.24% to Rs 233.50 after the company announced that it has signed a memorandum of understanding (MoU) with Madhya Pradesh Urban Development Company (MPUDCL) in Indore. Under the non-binding MoU, HUDCO will provide financial support of Rs 1,00,000 crore over five years for various housing and infrastructure projects in Madhya Pradesh. Besides funding, HUDCO will also offer consulting services and support to build capacity to ensure the effective implementation of the proposed initiatives. Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country.
Business Standard
07-05-2025
- Business
- Business Standard
Housing & Urban Development Corporation consolidated net profit rises 3.94% in the March 2025 quarter
Sales rise 37.76% to Rs 2844.99 crore Net profit of Housing & Urban Development Corporation rose 3.94% to Rs 727.74 crore in the quarter ended March 2025 as against Rs 700.16 crore during the previous quarter ended March 2024. Sales rose 37.76% to Rs 2844.99 crore in the quarter ended March 2025 as against Rs 2065.22 crore during the previous quarter ended March 2024. For the full year,net profit rose 27.99% to Rs 2709.14 crore in the year ended March 2025 as against Rs 2116.69 crore during the previous year ended March 2024. Sales rose 32.46% to Rs 10311.29 crore in the year ended March 2025 as against Rs 7784.29 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 2844.992065.22 38 10311.297784.29 32 OPM % 100.9999.61 - 100.4598.28 - PBDT 1023.77945.60 8 3647.302853.25 28 PBT 1020.26943.12 8 3636.662843.39 28 NP 727.74700.16 4 2709.142116.69 28
Economic Times
07-05-2025
- Business
- Economic Times
HUDCO Q4 Results: PAT rises 4% YoY at Rs 728 crore, revenue jumps 38%
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Housing & Urban Development Corporation (HUDCO) on Wednesday reported a 4% year-on-year rise in standalone net profit to Rs 728 crore for Q4FY25, compared to Rs 700 crore in the same quarter last year. Revenue from operations in the March quarter stood at Rs 2,845 crore, up 38% from Rs 2,065 crore in the year-ago a sequential basis, profit after tax (PAT) declined 1% from Rs 735 crore in Q3FY25. Revenue also rose 3% compared to Rs 2,760 crore in the previous board of directors recommended a final dividend of Rs 1.05 per equity share for FY25. This is in addition to the first interim dividend of Rs 2.05 and second interim dividend of Rs 1.05 per equity share already declared and paid during the income for Q4FY25 stood at Rs 2,821 crore, up from Rs 2,746 crore in Q3FY25 and Rs 2,002 crore in the full financial year, PAT rose 28% to Rs 2,709 crore from Rs 2,117 crore in FY24. Total revenue also increased 32% to Rs 10,311 crore, compared to Rs 7,784 crore in the previous loan portfolio (including EBR) stood at Rs 1,24,828 crore in FY25, up from Rs 92,654 crore in FY24. The yield on loans improved to 9.50%, compared to 9.04% in loans for FY25 surged 55.31% to Rs 1,27,952 crore, from Rs 82,387 crore a year ago. Loan disbursements more than doubled, rising 122.59% to Rs 40,038 crore from Rs 17,987 crore in cost of funds for FY25 stood at 7.44%, up from 7.25% in earnings were announced during market hours. The stock fell 3.5% on the NSE and was trading at Rs 210.40 around 2:10 pm.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business Standard
06-05-2025
- Business
- Business Standard
HUDCO board approves issuance of NCDs amounting to Rs 2,190 crore
Housing & Urban Development Corporation said that its board has approved a proposal to raise funds aggregating up to Rs 2,190 crore via issue of non-convertible debentures. The proposed NCDs would be unsecured, taxable, redeemable and non-cumulative. Each NCD would have a face value of Rs 1 lakh each. The NCDs would bear an annual coupon rate of 6.90% and would be redeemable at par at the end of the fifth year. Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country. As on December 2024, the Government of India held 75% in the company. The company's consolidated net profit jumped 41.6% to Rs 735.03 crore while total income increased 36.9% to Rs 2770.14 crore in Q3 FY25 over Q3 FY24. The scrip declined 4.06% to currently trade at Rs 219.65 on the BSE.
