Housing and Urban Development Corporation Limited (NSE: HUDCO) is a leading government-owned financial institution in India, focused on providing finance and related services for housing and urban infrastructure projects. The company was established in 1970 and has since played a crucial role in supporting the development of affordable housing and infrastructure in the country.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹1,709.58 crore, a 0.5% increase from ₹1,699.92 crore in the same period last year. The third quarter’s other income, which contributed ₹10.38 Crore to the Total Revenue. Meanwhile, the Profit Before Tax improved to ₹340.27 Crore from ₹262.10 Crore from the same quarter previous year. The Consolidated Net Profit was ₹254.27 crore, up 31% from ₹194.59 crore in the same quarter last year. This quarter’s earnings per share was ₹1.27. In the same time period, the company’s Tax Expense increased up to ₹86 Crore from ₹67.5 Crore.
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