Hudco Q1 Results with Total Income of ₹2,197.19 Crore

HUDCO, or the Housing and Urban Development Corporation, released its financial results for the quarter ending June 30, 2024. In this period, HUDCO earned a total income of ₹2,197.19 crore. This income was mainly from interest earned, which was ₹2,174.60 crore. The company also earned some money from rent and other small activities. Compared to the same period last year, HUDCO's income has increased.

HUDCO’s expenses during this quarter were ₹1,512.49 crore. This includes finance costs, employee benefits, and other expenses. The company spent more on finance costs, which was ₹1,463.69 crore, compared to last year's ₹1,191.03 crore. Despite higher expenses, HUDCO's profit before tax was ₹684.70 crore, which is higher than last year's ₹597.81 crore for the same quarter.

HUDCO's profit for this quarter was ₹557.75 crore after paying taxes . This profit is better than last year's but lower than the previous quarter's profit. The company's earnings per share, or EPS, were ₹2.79. This means each share earned ₹2.79 in this quarter. HUDCO's performance in Q1 2024 shows growth in income and profit compared to the previous year, but a slight decrease compared to the last quarter.

Source: Here

Hudco Q1 Results 2024-2025

HUDCO’s financial table provides a clear overview of HUDCO's financial performance, showing growth in income and profit compared to the previous year.

Hudco’s Financial Metrics

HUDCO’s financial table shows key financial metrics. The market cap is ₹ 60,597 crore, indicating the total value of its shares. The current stock price is ₹ 303, with a 52-week high of ₹ 354 and a low of ₹ 66.9. The stock's P/E ratio is 27.2, meaning investors are paying 27.2 times the company's earnings.

The book value per share is ₹ 83. The dividend yield is 0.49%, showing the return from dividends. The ROCE is 9.24%, and the ROE is 13.2%, reflecting the company's profitability. The face value of the stock is ₹ 10.

Quarterly Results 

Hudco’s fiscal table shows financial results over three quarters: December 2023, March 2024, and June 2024. Revenue grew from Rs 2,013 million in December 2023 to Rs 2,188 million in June 2024. Interest expenses varied, rising significantly in June 2024. Expenses were low at first but spiked in June.

About Hudco

The Housing and Urban Development Corporation (HUDCO) is a major public sector company in India, established on April 25, 1970. It is owned by the Government of India and focuses on providing finance for housing and infrastructure projects. HUDCO's main job is to help build new towns and improve urban areas by offering loans and expert advice.

HUDCO was set up to tackle the shortage of housing in India during the 1960s and 70s. The company started with an initial investment of ₹2 crore and has grown significantly since then. It plays a crucial role in planning and financing projects that aim to improve living conditions in cities and towns across the country.

HUDCO received the UN-Habitat Scroll of Honour Award in 1991 for its contributions to housing development. It was also given Miniratna status in 2004, recognizing its achievements and performance. HUDCO is known for its dedication to improving urban infrastructure and making housing more accessible.