∙Government plans to sell up to 7% of its stake in HUDCO through an OFS, with the goal of raising about Rs 1,100 cr. ∙This includes a 3.5% base portion and a 3.5% Greenshoe option. ∙Non-Retail investors can participate from October 18, and Retail investors from October 19.
∙Revenue was up 5% YoY to Rs 2386.5 cr. ∙USD Revenue grew 2% Yoy at $28.81 cr in constant currency. ∙EBIT margin at 17.1%. ∙Net profit grew 5% YoY at Rs 315.4 cr. ∙Interim Dividend of Rs 17/share declared; Record date October 27, 2023.
∙Consolidated net profit was up 28% YoY to Rs 3,551 cr. ∙Consolidated NII of the NBFC rose 26% YoY to Rs 8,845 cr. ∙GNPA stood at 0.91% and NNPA at 0.31%, as against 1.17% and 0.44% YoY.