Hudco Q2 profit jumps 28 pc to Rs 911 cr declares interim dividend of Rs 1.35 per share

New Delhi, Nov 4 (PTI) Housing and Urban Development Corporation Ltd (Hudco) on Monday reported a 28 per cent rise in net profit to Rs 911 crore for the September quarter, aided by improved core income.

     The state-owned company had earned a net profit of Rs 710 crore in the year-ago period.

     The company's total income rose to Rs 4,051 crore in the second quarter of this fiscal from Rs 3,251 crore in the corresponding period of the preceding financial year, Hudco said in a regulatory filing.

     Hudco is a premier techno-financing public sector enterprise in the field of housing and infrastructure development.

     The company earned interest income of Rs 4,023 crore in Q2 FY27, against Rs 3,197 crore a year ago.

     During the quarter, the expenses also rose to Rs 2,929 crore against Rs 2,296 crore in the same period a year ago.

     The company’s board recommended a second interim dividend of Rs 1.35 per equity share (or 13.50 per cent) of a face value of Rs 10 each for FY 2026-27.

     The process of payment of the interim dividend will be completed within 30 days of its declaration, it said.

(This story has not been edited by THE WEEK and is auto-generated from PTI)