Housing & Urban Development Corporation Q2 Results Live : Housing & Urban Development Corporation declared their Q2 results on October 29, 2024, reporting a remarkable increase in financial performance. The company experienced a 35.01% year-over-year increase in revenue, alongside a significant profit surge of 52.47%. Compared to the previous quarter, revenue grew by 15.05%, while profit increased by 23.46%.
Despite the strong revenue and profit growth, the company saw its Selling, General & Administrative expenses rise by 48.87% quarter-over-quarter and 17.31% year-over-year. This increase in costs indicates a shift in operational expenses as the company expands its business activities.
On a more positive note, the operating income for the quarter was up by 24.03% compared to the previous quarter, and 46.76% year-over-year. This reflects the company’s efficiency in managing its core operations despite rising expenses.
The Earnings Per Share (EPS) for Q2 stands at ₹2.64, marking a 22.26% increase year-over-year, further underlining the company’s strong financial health.
In terms of market performance, Housing & Urban Development Corporation has delivered an 8.07% return in the last week, although it has faced a -3.52% return over the past six months. However, it boasts an impressive 71.97% return year-to-date, indicating a robust long-term investment potential.
Currently, the company holds a market cap of ₹43,359.15 Crores, with a 52-week high of ₹353.7 and a low of ₹74.05, showcasing significant volatility in its stock price over the past year.
As of October 31, 2024, all analysts covering the company have issued a ‘Strong Buy’ rating, reflecting confidence in its future performance. The consensus recommendation underscores the positive outlook for Housing & Urban Development Corporation moving forward.
Housing & Urban Development Corporation Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2517.72 | 2188.35 | +15.05% | 1864.8 | +35.01% |
| Selling/ General/ Admin Expenses Total | 78.01 | 52.4 | +48.87% | 66.5 | +17.31% |
| Depreciation/ Amortization | 2.54 | 1.96 | +29.59% | 2.44 | +4.1% |
| Total Operating Expense | -135.92 | 48.8 | -378.52% | 56.67 | -339.84% |
| Operating Income | 2653.64 | 2139.55 | +24.03% | 1808.13 | +46.76% |
| Net Income Before Taxes | 1000.04 | 684.7 | +46.06% | 606.38 | +64.92% |
| Net Income | 688.62 | 557.75 | +23.46% | 451.65 | +52.47% |
| Diluted Normalized EPS | 2.64 | 2.71 | -2.79% | 2.16 | +22.26% |
