Housing & City Improvement Company Ltd (HUDCO) on January 22 reported a 42 p.c year-over-year rise in internet revenue to ₹735 crore within the October-December quarter (Q3) of FY25. Its internet revenue stood at ₹519.23 within the corresponding quarter of the earlier monetary 12 months.
The Navratna firm additionally recorded a powerful rise in income at ₹2,760 crore in Q3. This marks an increase of almost 37% from the ₹2,013 crore income reported within the year-ago interval.
HUDCO additionally introduced an interim dividend of ₹2.05 per fairness share for the present monetary 12 months 2025. The corporate has set January 30 because the report date for figuring out the eligibility of the shareholders set to obtain the dividend.
Complete earnings elevated to ₹2,770.14 crore within the third quarter of this fiscal 12 months from ₹2,022.94 crore within the corresponding interval of the previous 12 months, in line with a regulatory submitting on Wednesday.
The corporate has signed a Memorandum of Understanding (MoU) with VPPL, a three way partnership of JNPA (Authorities of India) and Maharashtra Maritime Board (MMB), an entity of the Authorities of Maharashtra.
“By this MoU, HUDCO shall discover and supply funds as much as ₹25,000 crore for improvement of recent ports/PPP tasks of VPPL,” the submitting mentioned. It mentioned it has signed an MoU with Vadhvan Port Challenge Ltd (VPPL) to discover the potential for offering funds as much as ₹25,000 crore.
