HUDCO Reports Strong Q3 FY24-25 Results with Record Sales and Profit Growth
Housing & Urban Development Corporation (HUDCO) reported its third-quarter financial results for FY24-25, highlighting significant growth in net sales, operating profit, and profit after tax. The company achieved its highest quarterly sales in five quarters, reflecting a strong performance in the housing finance sector and positive earnings per share.
Housing & Urban Development Corporation (HUDCO) has announced its financial results for the third quarter of FY24-25, revealing notable developments in its performance metrics. The company reported net sales of Rs 2,760.23 crore, which reflects a significant year-on-year growth. This achievement marks the highest quarterly sales recorded in the last five quarters, suggesting a favorable trend in sales activity.In terms of operating profit, HUDCO achieved a record high of Rs 2,686.87 crore, indicating a consistent upward trajectory over the past five quarters. The profit before tax (PBT), excluding other income, was reported at Rs 921.75 crore, showcasing a substantial year-on-year increase. Additionally, the profit after tax (PAT) reached Rs 735.03 crore, representing a noteworthy rise compared to the previous year, and this figure is the highest recorded in the last five quarters.
Earnings per share (EPS) also reflected positively, reaching Rs 3.67, which underscores the company's growing profitability and benefits for shareholders. Overall, HUDCO's financial results indicate a strong performance within the housing finance sector, prompting an adjustment in its evaluation.
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