New Delhi, Feb. 9 -- Housing and Urban Development Corporation Limited (HUDCO) Board of Directors in its Board meeting held today at Mumbai approved the limited reviewed Financial Results for the third quarter ending December 2023 (fiscal year 2023-24).

The company reported a remarkable 33.33% increase in the Profit After Tax (PAT) Year over Year (YoY) and 14.94 % increase Quarter on Quarter (QoQ). The revenue from operations recorded a growth of 10.04 % YoY and 7.93 % increase QoQ. This outstanding performance is attributed to consistent growth in the Loan Book from Rs.79,290 crore to Rs.84,424 crore YoY and a significant reduction in Net Non-Performing Assets (NPAs) from 0.96 % to 0.44 % YoY.

Key financial highlights for QE December 2...