Housing and Urban Development Corporation (Hudco) reported a sharp rise in fourth-quarter profit, supported by strong growth in interest income and a large deferred tax gain. The state-run housing and infrastructure financing company posted consolidated net profit of Rs 1,981 crore for Q4, compared with Rs 728 crore in the corresponding quarter last year, registering growth of 172%.
Profit before tax, however, declined 39% YoY to Rs 621 crore from Rs 1,020 crore reported in Q4FY25.
