HUDCO Reports Strong Q3 FY2025 Results with ₹27.6 Billion Revenue, ₹7.35 Billion Profit; Proposes Exit from Ind Bank Housing Limited

Housing and Urban Development Corporation Ltd (HUDCO) has announced robust financial results for Q3 FY2025, with consolidated total revenue from operations reaching ₹27.6 billion and profit soaring to ₹7.35 billion. This performance represents significant growth compared to the previous quarter, where revenue was ₹25.17 billion and profit stood at ₹6.89 billion.In a strategic move, HUDCO has proposed to exit from Ind Bank Housing Limited, aligning with recent regulatory developments. This decision follows the Reserve Bank of India's cancellation of Ind Bank Housing's certificate of registration, prompting its parent company Indian Bank to initiate winding-up procedures.The strong financial results and strategic realignment underscore HUDCO's resilience and adaptability in the evolving housing finance landscape.

Source: HUDCO Regulatory Filings, Q3 FY2025 Results