Housing & Urban Development Corporation Ltd (HUDCO) announced on March 10, 2025, that its Board of Directors has approved a second interim dividend of ₹1.05 per equity share (10.50%) for FY 2024-25.
The record date for determining shareholder eligibility is set for March 14, 2025, and the dividend payment will be completed within 30 days of the declaration.
On February 17, 2025, HUDCO signed a Memorandum of Understanding (MoU) with the Institute for Housing and Urban Development Studies (IHS), Erasmus University, Rotterdam, Netherlands. This partnership aims to enhance cooperation in training, research, capacity building, and fee-based projects/services related to human settlements and urban development. The collaboration is expected to boost HUDCO’s role in sustainable housing and urban infrastructure development.
For Q3 FY25, the company’s total income stood at ₹2,770.14 crore, marking an increase from ₹2,022.94 crore in Q3 FY24. For the nine-month period (9M FY25), total income reached ₹7,493.47 crore, up from ₹5,754.06 crore in 9M FY24. Net profit after tax for Q3 FY25 came in at ₹735.03 crore, compared to ₹519.19 crore in Q3 FY24. For 9M FY25, net profit stood at ₹1,981.40 crore, up from ₹1,416.58 crore in 9M FY24.
Housing & Urban Development Corporation Ltd is mainly involved in the business of financing housing and urban development activities in India.
On March 10, 2025, HUDCO share price opened at ₹183.50 and closed at ₹178.10, down by 2.29%. The stock price touched its day’s low at ₹178.00.
This dividend announcement reflects HUDCO’s commitment to rewarding its shareholders while maintaining its financial performance.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Mar 11, 2025, 8:57 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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