Housing & Urban Development Corporation (HUDCO) is a policy institution that provides housing finance and non-commercial urban infrastructure financing. The company's key mission is to support the construction of affordable housing for lower-income households and the development of non-commercial urban infrastructure (including water supply, road and transport, power, commercial infrastructure). HUDCO conducts its business by balancing profitability with its social mandate.
The company’s consolidated net profit surged 104.2% to Rs 519.23 crore on 17.6% increase in total income to Rs 2,022.98 crore in Q3 FY24 over Q3 FY23.
