HUDCO's Profit Surge: A 52% Boost in Q2

Housing and Urban Development Corporation Ltd (HUDCO) reported a notable 52% increase in its consolidated net profit, reaching Rs 688.62 crore for the September quarter, up from Rs 451.65 crore in the same period last year. The company's total income also saw a significant rise.

Housing and Urban Development Corporation Ltd (HUDCO) has reported a significant financial achievement this quarter. The company's consolidated net profit surged by an impressive 52%, escalating to Rs 688.62 crore for the September quarter.

In comparison to the previous year's corresponding quarter, where profits were Rs 451.65 crore, this marks a remarkable growth trajectory for HUDCO.

The company's total income also experienced an upward trend, climbing to Rs 2,526.14 crore, when juxtaposed with Rs 1,880.85 crore from the prior year, as disclosed in a regulatory filing.

(With inputs from agencies.)