Further, the company’s board has also approved an increase in the overall borrowing limit to Rs 2,50,000 crore from existing limit of Rs 1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders.
Housing & Urban Development Corporation is primarily engaged in the business of financing housing and urban development activities in the country.
The company’s consolidated net profit jumped 41.6% to Rs 735.03 crore in Q3 FY25 as compared with Rs 519.23 crore in Q3 FY24. Total income increased 36.9% YoY to Rs 2770.14 crore in Q3 FY25.
The stock declined 3.50% to Rs 202.45 on the BSE.