Hubtown Limited — Results, 14-02-2025: Integrated Filing- Financial

Hubtown Limited has announced a board meeting on February 14, 2025, where it approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a total income of ₹7,512 crore and a profit after tax of ₹1,347 crore for the quarter. Notably, it did not provide for interest totaling ₹1,627.37 crore on certain inter-corporate deposits, leading to an understatement of finance costs for the period. Additionally, the board approved a merger scheme with Saicharan Consultancy Private Limited, aimed at consolidating operations and enhancing shareholder value. This strategic merger is expected to streamline operations and improve financial positioning, potentially driving a positive outlook for investors.