BAJAJ BROKING
Housing and Urban Development Corporation Limited (HUDCO) announced its financial results for Q3 FY24-25, showcasing strong performance in its core operational metrics. The company's total revenue from operations stood at ₹2,760.23 crore, with a profit for the period of ₹735.03 crore. Key highlights of the quarter include an interest income of ₹2,745.54 crore, reflecting an increase from ₹2,459.31 crore in the previous quarter, alongside total expenses of ₹1,838.48 crore (up from ₹1,526.10 crore in the same period).
Total Revenue from Operations: ₹2,760.23 crore (Previous Quarter: ₹2,517.72 crore; Previous Year: ₹2,012.66 crore)
Profit for the Period: ₹735.03 crore (Previous Quarter: ₹688.62 crore; Previous Year: ₹519.23 crore)
Interest Income: ₹2,745.54 crore (Previous Quarter: ₹2,459.31 crore; Previous Year: ₹1,980.12 crore)
Total Expenses: ₹1,838.48 crore (Previous Quarter: ₹1,526.10 crore; Previous Year: ₹1,326.88 crore)
Earnings Per Share (Basic): ₹3.67 (Previous Quarter: ₹3.44; Previous Year: ₹2.59)
HUDCO reported a significant increase in its operational revenues and profitability for the third quarter of FY24-25. The company’s net profit for the quarter grew to ₹735.03 crore, reflecting effective financial and operational strategies.
Interest Income: ₹2,745.54 crore, marking an increase from ₹2,459.31 crore in the previous quarter and ₹1,980.12 crore in the previous year.
Dividend Income: ₹0.01 crore (Previous Quarter: ₹7.28 crore; Previous Year: ₹0.12 crore).
Rental Income: ₹14.30 crore, maintaining stability compared to ₹14.14 crore in the previous quarter and ₹14.65 crore in the previous year.
Net Gain on Fair Value Changes: ₹(0.02) crore (Previous Quarter: ₹36.99 crore; Previous Year: ₹17.27 crore).
HUDCO continues to play a significant role in government-backed initiatives such as PMAY 2.0, Smart City, and AMRUT. These projects aim to bolster affordable housing and urban infrastructure development. HUDCO’s operational focus, as highlighted in Q3 FY24-25, aligns with these goals through its financing activities in affordable housing and urban infrastructure projects. The company’s efforts contribute to the government’s vision of sustainable urban development and infrastructure growth.
HUDCO’s management emphasized its role as a strategic partner in supplementing government efforts through initiatives like PMAY 2.0, Jal Jeevan Mission, and Smart City projects. Their commitment to financing and consultancy in housing and urban infrastructure projects has contributed to consistent profitability. With its Navratna status and strong financial standing, HUDCO has reinforced its focus on operational efficiency and social justice, as reflected in the Q3 FY24-25 results.
Metric | Q3 FY24-25 | Q2 FY24-25 | Q3 FY23-24 |
Interest Income | 2,745.54 | 2,459.31 | 1,980.12 |
Dividend Income (₹ crore) | 0.01 | 7.28 | 0.12 |
Rental Income (₹ crore) | 14.30 | 14.14 | 14.65 |
Net Gain on Fair Value Changes (₹ crore) | (0.02) | 36.99 | 17.27 |
Total Revenue from Operations (₹ crore) | 2,760.23 | 2,517.72 | 2,012.66 |
Other Income (₹ crore) | 9.91 | 8.42 | 10.28 |
Total Income (₹ crore) | 2,770.14 | 2,526.14 | 2,022.94 |
Total Expenses (₹ crore) | 1,838.48 | 1,526.10 | 1,326.88 |
Profit Before Tax (₹ crore) | 931.66 | 1,000.04 | 696.13 |
Total Tax Expense (₹ crore) | 196.63 | 311.42 | 176.90 |
Profit for the Period (₹ crore) | 735.03 | 688.62 | 519.23 |
Earnings Per Share (Basic) | 3.67 | 3.44 | 2.59 |
Source: HUDCO’s Board Meeting Outcome for Q3 FY25, submitted on BSE.
Do you have a trading account app or demat account app?
You can open an account with Bajaj Broking in minutes.
Download the Bajaj Broking app now from Play Store or App Store.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Stock Market Live Updates | 17 Feb 2025
17 Feb, 2025 | 10 Min. read
Stock Market Live Updates | 14 Feb 2025
14 Feb, 2025 | 9 Min. read
Stock Market Live Updates | 13 Feb 2025
13 Feb, 2025 | 9 Min. read
United Breweries Q3 Results FY24-25 Highlights
13 Feb, 2025 | 5 Min. read
Hindalco Industries Ltd Q3 Results FY24-25 Highlights
13 Feb, 2025 | 5 Min. read
Stock Market Live Updates | 12 Feb 2025
12 Feb, 2025 | 10 Min. read
Stock Market Live Updates | 11 Feb 2025
11 Feb, 2025 | 9 Min. read
Gillette India Q3 Results FY24-25 Highlights
10 Feb, 2025 | 3 Min. read
Stock Market Live Updates | 10 Feb 2025
10 Feb, 2025 | 9 Min. read
Nykaa Q3 Results FY24-25 Highlights
10 Feb, 2025 | 3 Min. read
Amara Raja Energy & Mobility Ltd Q3 Results FY24-25 Highlights
08 Feb, 2025 | 4 Min. read
Life Insurance Corporation of India Q3 Results FY24-25 Highlights
07 Feb, 2025 | 5 Min. read
Analysis to Become a Pro Investor
28 Dec, 2023 | 4 Min. read
Women In Real Estate Investing (Investree)
28 Dec, 2023 | 5 Min. read
How To Check Prudent Corporate Advisory IPO Allotment Status
27 Dec, 2023 | 3 Min. read
How To Boost Credit Score? – Steps to Improve Creditworthiness
27 Dec, 2023 | 4 Min. read
Advantages and Disadvantages of Opening Multiple Demat Accounts
26 Dec, 2023 | 4 Min. read
7th CPC LTC: Leave Travel Concession Rules for Central Government Employees
26 Dec, 2023 | 4 Min. read
7th Pay Commission: House Building Advance (HBA) Interest Rate FY 2023-24
26 Dec, 2023 | 5 Min. read
The Future of Trading: Exploring Bajaj Broking’s Demat Features
26 Dec, 2023 | 6 Min. read
7th Central Pay Commission Cpc Fitment Table
23 Dec, 2023 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading