HUDCO Q4: Revenue From Operation shows 32.46% rise; declares dividend
The company’s Loan Sanctions for FY25 is at Rs 1.27 lakh crore against Rs 82,387 crore, up by 55.31%.
State-run Housing and Urban Development Corporation (HUDCO) has declared its quarterly financial results for March-end and the company has presented a significant and robust financial performance driven by outstanding loan growth and notable recorded targets.
The company’s Loan Sanctions for FY25 is at Rs 1.27 lakh crore against Rs 82,387 crore, up by 55.31%. PAT stood at Rs 2,709.14 crore for FY25 registering a growth of 27.98%. Meanwhile, the Revenue from Operation is at Rs 10,311 crore as against Rs 7784.29 crore in FY24, up by 32.46%.
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Following this, the Loan Disbursements is at Rs 40,038 crore for FY25 compared to Rs 17,987 crore in FY24 with a significant growth of 122.59%.
The Gross NPA has been improved by 1.67% in FY25 and the Net NPA has been standing at 0.25%.The market cap and the net worth has also witnessed a notable change at Rs 39,928 crore and Rs 17,970 crore. Meanwhile, the Loan Book for FY25 is at Rs 1.24 lakh crore with a surge of 34.72%.
Read Also : Reserve Bank of India imposes monetary penalty on Union Bank of IndiaThe Board of Directors also recommended final dividend @ Rs. 1.05/- per equity share i.e., @ 10.50% (subject to deduction of TDS) on the face value of Rs.10/- each, for the Financial Year 2024-25, subject to approval of shareholders in the ensuing Annual General Meeting (AGM).
The final dividend is in addition to 1st interim dividend of Rs.2.05/- per equity share and 2nd interim dividend of Rs.1.05/- per equity share already declared and paid for the Financial Year 2024-25.
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