Housing & Urban Development Corporation Ltd's Q3FY25 Quarter Results
- 23 Jan 2025
Result Summary
- Housing & Urban Development Corporation Ltd reported a 9.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 36.9%.
- Its expenses for the quarter were up by 5.5% QoQ and 39.8% YoY.
- The net profit increased 6.7% QoQ and increased 41.6% YoY.
- The earnings per share (EPS) of Housing & Urban Development Corporation Ltd stood at 3.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2770.14 | 2526.14 | 2022.94 | 9.7% | 36.9% |
Total Expenses | 1855.32 | 1759.25 | 1326.85 | 5.5% | 39.8% |
Profit Before Tax | 931.66 | 1000.04 | 696.09 | -6.8% | 33.8% |
Tax | 196.63 | 311.42 | 176.90 | -36.9% | 11.2% |
Profit After Tax | 735.03 | 688.62 | 519.23 | 6.7% | 41.6% |
Earnings Per Share | 3.70 | 3.40 | 2.60 | 8.8% | 42.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Housing & Urban Development Corporation Ltd (HUDCO) is a government-owned corporation in India that primarily engages in the financing of housing and urban infrastructure projects. Established with the aim of facilitating housing development, HUDCO operates within the financial services sector and plays a crucial role in supporting urban development initiatives across the country. The company offers a range of financial products, including loans for housing and urban infrastructure, which contribute significantly to its revenue streams. While specific details about recent major developments are not available in the provided data, HUDCO continues to be a pivotal player in addressing housing and urban infrastructure challenges in India.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Housing & Urban Development Corporation Ltd reported a total income of ₹2770.14 crores. This represents a quarter-over-quarter (QoQ) increase of 9.7% from ₹2526.14 crores in Q2FY25 and a year-over-year (YoY) growth of 36.9% from ₹2022.94 crores in Q3FY24. The consistent rise in total income over these periods indicates a robust revenue-generating ability for the company. This growth in revenue could be attributed to various factors, such as increased loan disbursements or higher interest income from its financial products, although specific reasons are not detailed in the data provided.
Profitability
The profitability of Housing & Urban Development Corporation Ltd witnessed notable changes during Q3FY25. The company recorded a profit before tax of ₹931.66 crores, which reflects a QoQ decline of 6.8% from ₹1000.04 crores in Q2FY25 but marks a YoY increase of 33.8% from ₹696.09 crores in Q3FY24. Tax expenses for the quarter amounted to ₹196.63 crores, decreasing by 36.9% QoQ from ₹311.42 crores. This reduction in tax contributed to a profit after tax of ₹735.03 crores in Q3FY25, showing an improvement of 6.7% QoQ and a substantial YoY growth of 41.6% from ₹519.23 crores in Q3FY24. Earnings per share also rose to ₹3.70, up by 8.8% QoQ and 42.3% YoY, indicating enhanced returns for shareholders.
Operating Metrics
The total expenses for Housing & Urban Development Corporation Ltd in Q3FY25 were ₹1855.32 crores, showing a QoQ increase of 5.5% from ₹1759.25 crores in Q2FY25 and a significant YoY rise of 39.8% from ₹1326.85 crores in Q3FY24. This increase in expenses could be attributed to higher operating costs or increased provisions, although specific components are not detailed. Despite the rise in expenses, the company's operational efficiency can be observed through its ability to maintain a positive profit margin. The data provided highlights the company's focus on managing its expenses while continuing to generate substantial income and profit, demonstrating its resilience in the financial services sector.
