New Delhi: State-run Housing and Urban Development Corporation (HUDCO) Ltd. has announced strong financial results for the fourth quarter and full financial year 2024-25 (FY25), reporting growth in profitability, a sharp improvement in asset quality, and record-breaking fund mobilization.
Steady Profit Growth and Higher Core Income
HUDCO reported a net profit of ₹727 crore for Q4FY25, reflecting a 4% year-on-year increase. Net Interest Income (NII), a key indicator of core earnings, surged 26% to ₹962 crore from ₹761 crore in the same quarter last year. Total revenue for the quarter came in at ₹2,845 crore.
FY25 Highlights: Strong Growth in Revenue and Net Profit
For the full fiscal year, HUDCO posted a 28% increase in net profit at ₹2,709 crore, compared to ₹2,116.69 crore in FY24. Revenue from operations rose significantly by 32.45% to ₹10,311 crore. The company’s earnings per share (EPS) for FY25 stood at ₹13.53, while the Q4 EPS was reported at ₹3.63.
Asset Quality Sees Major Improvement
HUDCO achieved significant progress in improving asset quality. Gross Non-Performing Assets (NPA) fell to 1.67% in FY25 from 2.71% the previous year, and Net NPA dropped to 0.25% from 0.36%. Six long-pending NPA accounts amounting to ₹358.02 crore were resolved, contributing to total NPA recoveries of ₹659.54 crore, including ₹231.75 crore from government agencies.
AUM Growth, Margin Performance Exceed Guidance
The company’s Assets Under Management (AUM) grew 35% in FY25, surpassing its guidance of over 30%. Net Interest Margin (NIM) stood at 3.22%, slightly above the company’s projected 3.2%, indicating efficient lending operations.
Record Fundraise Achieved
HUDCO marked its highest-ever fundraise in FY25 at ₹51,133.41 crore, more than double the ₹21,975.13 crore mobilized in FY24. Its loan book remains predominantly government-focused, with 98.47% of loans extended to government entities and their agencies.
Dividend Declaration and Shareholder Returns
The board has proposed a final dividend of ₹1.05 per equity share (face value ₹10) for FY25, pending shareholder approval at the upcoming Annual General Meeting (AGM). This comes in addition to an interim dividend of ₹2.05 and a second interim dividend of ₹1.05 already paid earlier in the fiscal year. If approved, the final dividend will be distributed within 30 days of the AGM.
About HUDCO
Housing and Urban Development Corporation Ltd. (HUDCO) is a Government of India-owned public sector enterprise under the Ministry of Housing and Urban Affairs (MoHUA). Established in 1970, HUDCO primarily focuses on financing housing and urban infrastructure development projects across India.
