HUDCO Dividend: PSU NBFC Declares Record Date Post Mkt Hrs, Shares Up 130% In 6-Months

Leading public sector undertaking Housing & Urban Development Corporation shares (HUDCO) witnessed sharp decline of 9.98% in trade today to settle at Rs 163.80 apiece. Housing & Urban Development Corporation shares gained 254% in last 1-year. The company informed today about its upcoming meeting of Board of Directors to consider interim dividend for the financial year 2023-24. Check details below:

Housing & Urban Development Corporation To Consider Dividend: As per the exchange filing of the company issued post market hours, "Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of Board of Directors of the Company is proposed to be held on Wednesday, 20" March, 2024, inter-alia to consider declaration of interim dividend for the Financial Year 2023-24."

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Record Date for determining the entitlement of the shareholders for the payment of interim dividend shall be Friday, 29th March, 2024, subject to approval of Board of Directors, added the BSE filing of HUDCO.

HUDCO Shares Performance & Return: The 52-week high price of HUDCO shares on BSE is Rs 226.95 apiece and 52-week 40.50 apiece, respectively. HUDCO has a market capitalisation of Rs 32,791.12 crore. HUDCO has a PE of 15.95 and ROE of 13.07. Its TTM (EPS) is 10.27. HUDCO shares declined 16% in last 1-week only, 14% in last 2-weeks, offered return of 254% in last 1-year, and rallied 371% in last 2-years. In last 3-years, Housing & Urban Development Corporation shares jumped 230% and 266% in last 5-years.

HUDCO Financials: The company on February 9, 2024 declared a surge of two-fold in its standalone profit after tax at Rs 519.19 crore for the quarter ended December 31, 2023. HUDCO had announced its standalone profit after tax (PAT) at Rs 254.32 crore for corresponding quarter of last year, as per its BSE filing.

Its revenue from operations for the December 2023 quarter declared at Rs 2012.66 crore, up 18% as against Rs 1708.9 crore in the similar quarter of last year. The company said its PAT for April-December period rallied 33% YoY to Rs 1416.58 crore and revenue from operations during this tenure soared 10% to Rs 5719.07 crore.

About HUDCO: Housing and Urban Development Corporation Ltd. (HUDCO) was incorporated as a fully owned Government Company under the Companies Act, 1956 with the main objective of financing Housing and Urban development projects in the country. Housing and Urban Development Corporation Ltd (HUDCO), is the premier techno-financing public sector enterprise.

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