New Delhi (15.08.2024): Housing & Urban Development Corporation (HUDCO) declared its
Q1 results on August 12, 2024, showcasing a strong financial performance.
HUDCO's topline increased by 18.76 per cent year-over-year, and profit surged
by 25.15 per cent YoY. However, on a quarter-over-quarter basis, the revenue
grew by 5.96 per cent while the profit saw a decline of 20.34 per cent. Sales at Rs 2,188.35 crore in June 2024 up 18.76 per cent
from Rs. 1,842.61 crore in June 2023. Quarterly Net Profit at Rs 557.75 crore in June 2024 up
25.14 per cent from Rs 445.70 crore in June 2023. EBITDA stands at Rs 2,150.35 crore in June 2024 up 20.04 per
cent from Rs 1,791.32 crore in June 2023. HUDCO EPS has increased to Rs. 2.79
in June 2024 from Rs. 2.23 in June 2023.HUDCO shares closed at 300.10 on August
12, 2024 (NSE) and has given 66.58 per cent returns over the last 6 months and
341.97 per cent over the last 12 months. One of the highlights of the quarter was the significant
reduction in Selling, General & Administrative (SG&A) expenses, which
declined by 52.31 per cent q-o-q and decreased by 10.52 per cent Y-o-Y. This
cost-saving measure contributed to a healthier bottom line for the company. The company's operating income showed robust growth,
increasing by 4.13 per cent q-o-q and a substantial 20.19 per cent Y-o-Y. This
indicates efficient management and operational improvements within the
organization. Earnings Per Share (EPS) for Q1 stood at Rs 2.71, marking a 26.65
per cent increase Y-o-Y. This improvement in EPS reflects the company's
enhanced profitability and provides confidence to its shareholders. HUDCO has delivered impressive returns over various time
frames, with a 0.61 per cent return in the last week, a 59.62 per cent return
in the last six months, and a remarkable 128.3 per cent year-to-date return.
These returns highlight the company's strong performance in the market. As of the latest update, HUDCO has a market capitalization
of Rs 57,564.64 crore and its stock has a 52-week high of Rs 353.7 and a low of
Rs 66.9. This showcases the stock's volatility and potential for significant
gains. Investor sentiment towards HUDCO remains overwhelmingly
positive. As of August 14, 2024, out of 2 analysts covering the company, both
have given a Strong Buy rating. The consensus re for the stock is to Strong
Buy, indicating high confidence in the company's future prospects.
HUDCO Q1 FY25: Net profit surges 25% to Rs 557 cr
By IndianMandarins - 2024-08-15 17:00:00
New Delhi (15.08.2024): Housing & Urban Development Corporation (HUDCO) declared its
Q1 results on August 12, 2024, showcasing a strong financial performance.
HUDCO's topline increased by 18.76 per cent year-over-year, and profit surged
by 25.15 per cent YoY. However, on a quarter-over-quarter basis, the revenue
grew by 5.96 per cent while the profit saw a decline of 20.34 per cent.
Sales at Rs 2,188.35 crore in June 2024 up 18.76 per cent from Rs. 1,842.61 crore in June 2023.
Quarterly Net Profit at Rs 557.75 crore in June 2024 up 25.14 per cent from Rs 445.70 crore in June 2023.
EBITDA stands at Rs 2,150.35 crore in June 2024 up 20.04 per cent from Rs 1,791.32 crore in June 2023. HUDCO EPS has increased to Rs. 2.79 in June 2024 from Rs. 2.23 in June 2023.HUDCO shares closed at 300.10 on August 12, 2024 (NSE) and has given 66.58 per cent returns over the last 6 months and 341.97 per cent over the last 12 months.
One of the highlights of the quarter was the significant reduction in Selling, General & Administrative (SG&A) expenses, which declined by 52.31 per cent q-o-q and decreased by 10.52 per cent Y-o-Y. This cost-saving measure contributed to a healthier bottom line for the company.
The company's operating income showed robust growth, increasing by 4.13 per cent q-o-q and a substantial 20.19 per cent Y-o-Y. This indicates efficient management and operational improvements within the organization. Earnings Per Share (EPS) for Q1 stood at Rs 2.71, marking a 26.65 per cent increase Y-o-Y. This improvement in EPS reflects the company's enhanced profitability and provides confidence to its shareholders.
HUDCO has delivered impressive returns over various time frames, with a 0.61 per cent return in the last week, a 59.62 per cent return in the last six months, and a remarkable 128.3 per cent year-to-date return. These returns highlight the company's strong performance in the market.
As of the latest update, HUDCO has a market capitalization of Rs 57,564.64 crore and its stock has a 52-week high of Rs 353.7 and a low of Rs 66.9. This showcases the stock's volatility and potential for significant gains.
Investor sentiment towards HUDCO remains overwhelmingly positive. As of August 14, 2024, out of 2 analysts covering the company, both have given a Strong Buy rating. The consensus re for the stock is to Strong Buy, indicating high confidence in the company's future prospects.
