Indian-GRAPEVINE-Logo
  • Home
  • Politics
    Indian-GRAPEVINE-g-kishan-reddy-launches-new-uniform-corporate-salary-package-and-enhanced-ex-gratia-benefits-for-coa

    G. Kishan Reddy Launches New Uniform, Corporate Salary Package and Enhanced Ex-Gratia Benefits for Coal India Workforce

    Indian-GRAPEVINE-j-p-nadda-addresses-medtech-forum-2025-in-new-delhi

    J P Nadda addresses MedTech Forum 2025 in New Delhi

    Indian-GRAPEVINE-pm-shares-an-article-on-sabka-saath-sabka-vikas-sabka-vishwas-sabka-prayas

    PM shares an article on Sabka Saath, Sabka Vikas, Sabka Vishwas, Sabka Prayas

    Indian-GRAPEVINE-nitin-gadkari-says-india-targets-no-1-position-in-global-automobile-manufacturing

    Nitin Gadkari Says “India Targets No. 1 Position in Global Automobile Manufacturing”

    Indian-GRAPEVINE-preparatory-phase-of-special-campaign-50-from-15th-september--30th-september-2025

    Preparatory phase of Special Campaign 5.0 from 15th September- 30th September, 2025

  • Bureaucracy
    Indian-GRAPEVINE-hudco-honoured-on-hindi-diwas-and-fifth-all-india-official-language-conference

    HUDCO honoured on Hindi Diwas and Fifth All India Official Language Conference

    Indian-GRAPEVINE-m-angamuthu-designated-as-chairperson-mumbai-port-authority

    M Angamuthu designated as Chairperson, Mumbai Port Authority

    Indian-GRAPEVINE-nishant-verma-designated-as-joint-secretary-anrf

    Nishant Verma designated as Joint Secretary, ANRF

    Indian-GRAPEVINE-harikishore-designated-as-joint-secretary-tourism

    Harikishore designated as Joint Secretary, Tourism

    Indian-GRAPEVINE-rajamurugan-muthukalathi-designated-as-md-trifed

    Rajamurugan Muthukalathi designated as MD, TRIFED

  • Corporate
    Indian-GRAPEVINE-power-grid-pays-rs-57435-cr-as-final-dividend-for-fy25-to-govt

    Power Grid pays Rs 574.35 cr as final dividend for FY25 to govt

    Indian-GRAPEVINE-sebi-bans-par-drugs-chemicals-from-slump-sale-to-promoter-linked-entity

    Sebi bans Par Drugs Chemicals from slump sale to promoter-linked entity

    Indian-GRAPEVINE-gold-rally-may-pause-as-investors-eye-us-fed-policy-decision-on-sep-17

    Gold rally may pause as investors eye US Fed policy decision on Sep 17

    Indian-GRAPEVINE-sebi-eases-compliance-norms-for-fpis-investing-only-in-govt-securities

    Sebi eases compliance norms for FPIs investing only in govt securities

    Indian-GRAPEVINE-pnb-signs-rs-21000-cr-mou-with-rajasthan-govt-under-rising-rajasthan-initiative

    PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative

  • International
    Indian-GRAPEVINE-pak-pm-sharif-likely-to-meet-us-president-trump-next-week-report

    Pak PM Sharif likely to meet US President Trump next week: Report

    Indian-GRAPEVINE-uk-pm-starmer-fights-back-over-sacking-of-his-envoy-to-us

    UK PM Starmer fights back over sacking of his envoy to US

    Indian-GRAPEVINE-nepal-pm-karki-says-those-involved-in-violence-during-gen-z-protest-will-be-brought-to-justice

    Nepal PM Karki says those involved in violence during ‘Gen Z’ protest will be brought to justice

    Indian-GRAPEVINE-uk-pm-starmer-sacks-envoy-to-us-over-jeffrey-epstein-links

    UK PM Starmer sacks envoy to US over Jeffrey Epstein links

    Indian-GRAPEVINE-nepal-army-to-take-charge-of-security-following-violent-protests

    Nepal Army to take charge of security following violent protests

  • Interview
    Indian-GRAPEVINE-interview-with-chairman-vpa-dr-madhaiyaan-angamuthu-ias

    Interview with Chairman VPA Dr. Madhaiyaan Angamuthu, IAS.

    Indian-GRAPEVINE-exclusive-interview-with-shri-unmesh-sharad-wagh-irs--chairman-jnpa

    Exclusive Interview with Shri Unmesh Sharad Wagh, IRS Chairman, JNPA

    Indian-GRAPEVINE-exclusive-interview-with-shri-sanjay-sethi-ias-chairman-jnpt

    Exclusive Interview with Shri Sanjay Sethi, IAS, Chairman, JNPT

  • Contact Us
    Indian-GRAPEVINE-Logo
  • Home
  • Politics
  • Bureaucracy
  • Corporate
  • International
  • Interview
  • Contact Us
Bureaucracy

HUDCO posts 24% growth in net profit YoY, 10.40% growth in revenue

Indian-GRAPEVINE-hudco-posts-24-growth-in-net-profit-yoy-1040-growth-in-revenue

Published 28 May, 2024

By Staff Reporter


Housing and Urban Development Corporation Limited (HUDCO) Board of Directors in its Board meeting approved the Audited Financial Results for Fiscal Year 2023-24.The Key financial highlights for FY 2023-24 compared to FY 2022-23 are as follows: Loan Sanctions: stood at Rs 82,387 crore in FY24 as against Rs 24,572 crore in FY23. Loan Disbursements: Highest ever loan disbursements of Rs. 17,987 crore during FY24 as against Rs. 8,466 crore during FY23, thereby registering a growth of 112% YoY. Profit After Tax (PAT): Highest ever Net Profit of Rs. 2,116.74 crore vis-à-vis Rs.1,701.62 crore for FY23, thereby registering a 24% increase on Year on Year (YoY) basis. The Net Profit increased by 35% on Quarter on Quarter (QoQ) basis to Rs. 700.16 crore from Rs. 519.23 for Q3 FY 24. Revenue from Operation: Growth of 10.40% on YoY for FY 2023-24 from Rs. 7,049.46 crore to Rs.7,784.29 crore. Loan Book: Growth of 15% from Rs. 80,743 crore to Rs. 92,654 crore (YoY).Gross NPAs : Significant reduction from 3.42% to 2.71% (YoY). Net NPAs : Significant reduction from 0.52% to 0.36% (YoY). Earnings Per Share: Growth (YoY) from Rs. 8.50 to Rs.10.57. Market capitalization increased from Rs.10,000 crore in March, 2023 to over Rs.53,000 crore in May, 2024.Sanjay Kulshrestha, Chairman & Managing Director of HUDCO, while expressing his satisfaction at the exceptional Financial Results said, "HUDCO, being a Government Company under aegis of MOHUA with lowest levels of NPA and Debt-Equity and comfortable CRAR is envisaged to play a vital role in creating assets for the nation and supplement efforts of Government of India for creation of sustainable and resilient Infrastructure, in line with Viksit Bharat 2047. With recently conferred "Navratna" status, HUDCO is amongst top 20 Navratna Central Public Sector Enterprises (CPSES) in the country to have been accredited with this status. HUDCO is focused towards diversification of its resource base, establishing footprints in international markets through its maiden JPY denominated ECB offering and optimizing overall cost to add competitive strength to its overall lending operation. Sanjay Kulshreshtha, CMD, HUDCO attributed the company's growth to the trust and support of all the stakeholders.



YOU MAY LIKE
Indian-GRAPEVINE-hudco-honoured-on-hindi-diwas-and-fifth-all-india-official-language-conference
Bureaucracy / 16 Sep, 2025
HUDCO honoured on Hindi Diwas and Fifth All India Official Language Conference
Indian-GRAPEVINE-m-angamuthu-designated-as-chairperson-mumbai-port-authority
Bureaucracy / 15 Sep, 2025
M Angamuthu designated as Chairperson, Mumbai Port Authority
Indian-GRAPEVINE-nishant-verma-designated-as-joint-secretary-anrf
Bureaucracy / 15 Sep, 2025
Nishant Verma designated as Joint Secretary, ANRF
Indian-GRAPEVINE-harikishore-designated-as-joint-secretary-tourism
Bureaucracy / 15 Sep, 2025
Harikishore designated as Joint Secretary, Tourism
Indian-GRAPEVINE-rajamurugan-muthukalathi-designated-as-md-trifed
Bureaucracy / 15 Sep, 2025
Rajamurugan Muthukalathi designated as MD, TRIFED
Indian-GRAPEVINE-ms-v-lalithalakshmi-designated-as-joint-secretary-vice-presidents-secretariat
Bureaucracy / 15 Sep, 2025
Ms V Lalithalakshmi designated as Joint Secretary, Vice President’s Secretariat
  • Top News
  • Latest News
  • Most Popular
Indian-GRAPEVINE-upgraded-posting-of-amitesh-kumar-singh-to-additional-secretary-level-prolonged
Bureaucracy / 13 Aug, 2025
Upgraded posting of Amitesh Kumar Singh to Additional Secretary level prolonged
Indian-GRAPEVINE-six-ias-officers-shifted-in-hp
Bureaucracy / 12 Aug, 2025
Six IAS officers shifted in HP
Indian-GRAPEVINE-deendayal-port-authority-commissions-indias-first-make-in-india-01-megawatt-scale-green-hydrogen-pla
Bureaucracy / 31 Jul, 2025
Deendayal Port Authority Commissions India’s First Make-In-India 01 Megawatt-Scale Green Hydrogen Plant at Kandla
Indian-GRAPEVINE-powergrid-posts-profit-after-tax-pat-of--3631-cr-and-total--income--11444-cr-for-q1fy26-on-consolida
Bureaucracy / 31 Jul, 2025
POWERGRID Posts Profit After Tax (PAT) of ₹ 3,631 Cr. and Total Income ₹ 11,444 Cr. for Q1FY26 on Consolidated Basis
Indian-GRAPEVINE-prakash-d-empanelled-as-dg-in-goi
Bureaucracy / 30 Jul, 2025
Prakash D empanelled as DG in GoI
Indian-GRAPEVINE-raja-srivastava-empanelled-as-dg-in-goi
Bureaucracy / 30 Jul, 2025
Raja Srivastava empanelled as DG in GoI
View All
Indian-GRAPEVINE-sumit-sharan-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Sumit Sharan empanelled as ADG in GoI
Indian-GRAPEVINE-saurabh-tripathi-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Saurabh Tripathi empanelled as ADG in GoI
Indian-GRAPEVINE-sanjay-kumar-gunjyal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Sanjay Kumar Gunjyal empanelled as ADG in GoI
Indian-GRAPEVINE-neelesh-kumar-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Neelesh Kumar empanelled as ADG in GoI
Indian-GRAPEVINE-raghubir-lal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Raghubir Lal empanelled as ADG in GoI
Indian-GRAPEVINE-ashok-tiwari-is-also--dgp-himachal-pradesh
Bureaucracy / 02 Jun, 2025
Ashok Tiwari is also DGP, Himachal Pradesh
View All
Indian-GRAPEVINE-vijay-kumar-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Vijay Kumar empanelled as ADG in GoI
Indian-GRAPEVINE-abhin-dinesh-modak-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Abhin Dinesh Modak empanelled as ADG in GoI
Indian-GRAPEVINE-ayush-mani-tripathi-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Ayush Mani Tripathi empanelled as ADG in GoI
Indian-GRAPEVINE-maheshwar-dayal-empanelled-as-adg-in-goi
Bureaucracy / 16 Jun, 2025
Maheshwar Dayal empanelled as ADG in GoI
Indian-GRAPEVINE-abhijit-sinha-appointed-as-additional-secretary-mha
Bureaucracy / 19 Apr, 2025
Abhijit Sinha appointed as Additional Secretary, MHA
Indian-GRAPEVINE-n-saravana-kumar-appointed-as-vice-chairman-dda
Bureaucracy / 19 Apr, 2025
N Saravana Kumar appointed as Vice Chairman, DDA
View All

SUBSCRIBE

Website Hits: 341161924

Indian-GRAPEVINE-Logo

Copyright © 2017 Indian Grapevine a unit of Integrated Media Enterprises