HUDCO’s Q 4 Results Show Mixed Performance
HUDCO (Housing and Urban Advancement Firm) reported an intricate monetary picture for its March-ending quarter. While earnings rose, pre-tax profits dipped because of fair worth losses. Trick figures consist of:
- Earnings: 3, 563 crore, a 25 3 % rise YoY.
- Net Interest Revenue: 1, 149 7 crore, up 16 6 % YoY.
- Profit Before Tax: 621 crore, a sharp decline from 1, 020 crore YoY, impacted by a 466 40 crore loss on fair worth modifications.
- Internet Profit: Skyrocketed 172 % to 1, 981 crore, mainly driven by a 1, 530 32 crore deferred tax credit history, masking weak hidden performance. Without the tax obligation advantage, revenues were down YoY.
