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HUDCO posts 24% rise in FY24 net profit to ₹2,116.74 cr
Millennium Post Delhi
|New Delhi 28May2024
HUDCO’s revenue from operation grew 10.40% to Rs 7,784.29 cr from Rs 7,049.46 cr in FY23
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Housing and Urban Development Corporation Limited (HUDCO) Board of Directors in its Board meeting held on May 24, 2024 at New Delhi approved the Audited Financial Results for FY2023-24.
The company reported highest ever net profit of Rs 2,116.74 crore in FY24 against Rs 1,701.62 crore for FY23, thereby registering a 24 per cent increase on Year on Year (Y-o-Y) basis.
The net profit increased by 35 per cent on Quarter on Quarter (Q-o-Q) basis to Rs 700.16 crore in Q4 from Rs 519.23 crore for Q3 FY2023-24.
The amount of loan sanctions stood at Rs 82,387 crore in FY24 as against Rs 24,572 crore in FY23.
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