Housing & Urban Development Corporation announced the cessation of D Guhan (DIN: 06757569) as Director (Finance) and Chief Financial Officer of the Corporation on 31 May 2024 on attaining age of superannuation. Powered by Capital Market - Live News

Net profit of Housing & Urban Development Corporation rose 9.55% to Rs 700.16 crore in the quarter ended March 2024 as against Rs 639.14 crore during the previous quarter ended March 2023. Sales rose 11.49% to Rs 2065.22 crore in the quarter ended March 2024 as against Rs 1852.38 crore during the previous quarter ended March 2023.For the full year,net profit rose 24.41% to Rs 2116.69 crore in the year ended March 2024 as against Rs 1701.43 crore during the previous year ended March 2023. Sales rose 10.42% to Rs 7784.29 crore in the year ended March 2024 as against Rs 7049.46 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2065.221852.38 11 7784.297049.46 10 OPM %99.61108.36 -98.2896.05 - PBDT945.60867.07 9 2853.252300.53 24 PBT943.12864.26 9 2843.392289.22 24 NP700.16639.14 10 2116.691701.43 24 Powered by Capital Market - Live News

Housing & Urban Development Corp. announced that the Board of Directors of the Company at its meeting held on 24 May 2024, has recommended a Final dividend of Rs.2.65 per share (i.e.26.5%), subject to the approval of the shareholders.Powered by Capital Market - Live News

The Board of Housing & Urban Development Corporation at its meeting held on 20 March 2024 has approved raising of funds through issue of bonds/debentures, up to a maximum amount of Rs. 40,000 Crore during financial year 2024-25, depending upon actual funds requirement; and increase in overall borrowing limit to Rs. 1,50,000 crore from existing limit of Rs.1,00,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders. Powered by Capital Market - Live News

Housing & Urban Development Corp. announced that the Board of Directors of the Company at its meeting held on 20 March 2024, has recommended a Interim dividend of Rs.1.5 per share (i.e.15%), subject to the approval of the shareholders.Powered by Capital Market - Live News