HUDCO Q3 Net Profit Dips 3% to Rs 713 Cr Amidst Rising Expenses

• HUDCO reported a 3% decline in consolidated net profit, reaching Rs 713 crore in the December quarter.
• The net profit for the October-December period of 2024-25 was Rs 735 crore in the previous year.
• Total income for the company increased significantly to Rs 3,505.57 crore from Rs 2,770.14 crore year-on-year.
• Expenses rose sharply to Rs 2,717.08 crore in Q3 FY25, up from Rs 1,838.48 crore.
• The board approved an interim dividend of Rs 1.15 per share and increased the borrowing plan for FY26 to Rs 80,000 crore.

Why It Matters: HUDCO's Q3 net profit fell due to higher expenses, despite a substantial increase in total income.