Submission of outcome of Board Meeting held on 23rd March, 2025
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The Board of Hindustan Housing Company approved audited financial results for the quarter and financial year ended 31st March 2025. Revenue from operations for FY25 stood at Rs 505.61 lakh, down about 9.7% from Rs 559.87 lakh in FY24. Total revenue declined to Rs 673.58 lakh from Rs 722.62 lakh. Profit after tax fell to Rs 210.09 lakh from Rs 236.23 lakh, while total comprehensive income dropped sharply to Rs 699.33 lakh from Rs 1,783.22 lakh. Statutory auditors M/s M.M. Nissim & Co. LLP issued an unmodified (clean) opinion. The Board did not recommend any dividend for FY25.
Shareholders see a year of declining core operations with revenue and profits both contracting, though the company remains profitable and its balance sheet strengthened with reserves rising to Rs 6,366.75 lakh. No dividend payout means investors relying on income from this stock will get nothing this year, which could weigh mildly on sentiment.