Housing and Urban Development Corporation Limited (NSE: HUDCO)

HUDCO Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest and Dividend Income	86,231	76,591	69,835	68,881	71,761	74,864
Total Interest Expense	56,779	49,600	45,038	45,325	47,647	48,445
Net Interest Income	29,452	26,991	24,797	23,556	24,114	26,419
Commissions and Fees	-	6.4	26.6	25.7	63.9	62.7
Other Revenue	2,985	2,697	997.1	1,065	900	763.3
Revenue Before Loan Losses	32,437	29,694	25,820	24,646	25,078	27,245
Provision for Loan Losses	-4,091	-2,081	-736.9	-2,457	-736.3	1,558
Revenue	36,528	31,775	26,557	27,103	25,814	25,687
Revenue Growth (YoY)	31.62%	19.65%	-2.01%	4.99%	0.49%	11.48%
Salaries & Employee Benefits	2,359	2,325	1,866	2,181	2,063	2,390
Cost of Services Provided	671.4	662.8	645	655.5	1,033	765.8
Other Operating Expenses	341.7	432.2	1,009	732.5	415	723.5
Total Operating Expenses	3,466	3,519	3,633	3,648	3,580	3,935
Operating Income	33,062	28,257	22,924	23,455	22,234	21,752
Earnings From Equity Investments	-0.5	-0.5	-1.9	-1.9	-0.8	-2.2
Currency Exchange Gain (Loss)	-8.3	-8.3	-32.6	3.8	49.4	-30.3
EBT Excluding Unusual Items	33,053	28,248	22,892	23,458	22,286	21,745
Gain (Loss) on Sale of Investments	109.5	109.5	-	-	-	-2.1
Pretax Income	33,239	28,434	22,892	23,458	22,286	21,743
Income Tax Expense	8,582	7,267	5,878	6,293	6,501	4,661
Net Income	24,657	21,167	17,014	17,164	15,785	17,082
Net Income to Common	24,657	21,167	17,014	17,164	15,785	17,082
Net Income Growth	37.69%	24.41%	-0.87%	8.74%	-7.59%	44.78%
Shares Outstanding (Basic)	2,001	2,002	2,002	2,002	2,002	2,002
Shares Outstanding (Diluted)	2,001	2,002	2,002	2,002	2,002	2,002
Shares Change (YoY)	-0.13%	-	-	-	-	-
EPS (Basic)	12.32	10.57	8.50	8.57	7.89	8.53
EPS (Diluted)	12.32	10.57	8.50	8.57	7.89	8.53
EPS Growth	37.84%	24.37%	-0.83%	8.69%	-7.56%	44.82%
Free Cash Flow	-291,753	-102,909	-8,529	-8,123	21,501	-13,517
Free Cash Flow Per Share	-145.83	-51.41	-4.26	-4.06	10.74	-6.75
Dividend Per Share	-	4.150	3.850	3.500	2.175	3.100
Dividend Growth	-	7.79%	10.00%	60.92%	-29.84%	275.76%
Operating Margin	90.51%	88.93%	86.32%	86.54%	86.13%	84.68%
Profit Margin	67.50%	66.61%	64.07%	63.33%	61.15%	66.50%
Free Cash Flow Margin	-798.71%	-323.87%	-32.12%	-29.97%	83.29%	-52.62%
Effective Tax Rate	25.82%	25.56%	25.68%	26.83%	29.17%	21.44%
Revenue as Reported	89,403	79,481	70,862	69,977	72,777	75,716

Source: S&P Capital IQ. Financial Services template. Financial Sources.