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HomeMarket NewsHUDCO profit rises 4% to ₹728 crore in Q4; NII surges 26%
The board of HUDCO has also recommended a final dividend ₹1.05 per equity share on the face value of ₹10 each for the financial year 2024-25,
By Meghna Sen May 7, 2025, 1:24:15 PM IST (Published)
State-run Housing and Urban Development Corporation (HUDCO) Ltd., reported a 4% year-on-year growth in its net profit at ₹728 crore in comparison to the same quarter last year.
Net Interest Income (NII) or core income for the lender increased by 26% to ₹962 crore from ₹761 crore it reported in the year-ago quarter.
The board of HUDCO has also recommended a final dividend ₹1.05 per equity share on the face value of ₹10 each, for the financial year 2024-25,
This will be subject to approval of shareholders in the ensuing Annual General Meeting (AGM), the company said in an exchange filing.
The final dividend is in addition to the first interim dividend of ₹2.05 per equity share and second interim dividend of ₹1.05 per equity share already declared and paid for the financial year 2024-25.
After approval of the shareholders, the final dividend will be paid within 30 days from the date of approval.
Following the earnings announcement, shares of Housing And Urban Development Corp Ltd. are trading 4.11% lower at ₹209. The stock is down 12% so far in 2025.
