New Delhi (31.10.2024): Housing and Urban Development Corporation Ltd. (HUDCO) has reported a robust performance in the First Half of the Fiscal Year 2025 (H1FY25), showcasing record-breaking growth across key financial parameters. HUDCO’s sustained focus on strategic initiatives, efficient loan management, and improved asset quality has contributed to this strong financial performance, further solidifying its position in the industry.
HUDCO has reported a robust performance in the First Half of the Fiscal Year 2025 (H1FY25), showcasing record-breaking growth across key financial parameters. Key highlights from HUDCO’s H1FY25 results include:
- Loan Sanctions: HUDCO achieved the highest-ever H1 loan sanctions, reaching ₹76,472 crore, marking an astounding Year-over-Year (YoY) growth of almost 10x compared to H1FY24 (₹7,808 Crore).
- Loan Disbursements: With the highest-ever H1 Loan Disbursements of ₹21,699 Crore, HUDCO recorded an impressive almost 6x YoY growth from ₹3,723 Crore in H1FY24.
- Profit After Tax (PAT): The company reported a PAT of ₹1,246.37 Crore in H1FY25, a 39% increase from ₹897.39 Crore in H1FY24, marking its highest-ever H1 profit.
- Revenue from Operations: HUDCO recorded its highest-ever H1 Revenue from Operations at ₹4,706.07 Crore in H1FY25, a 27% YoY increase from ₹3,706.41 Crore in H1FY24.
- Loan Book: The Loan Book stood at ₹1,11,068 Crore increased by 36% compared to ₹81,594 Crore in H1FY24.
- Net Worth: HUDCO’s Net Worth saw a 9% growth, increasing to ₹17,124.35 Crore in H1FY25 from ₹15,724.40 Crore in the same period last year.
- Earnings Per Share (EPS): EPS increased by 39% YoY, reaching ₹6.23 from ₹4.48 in H1FY24.
- Market Capitalization: HUDCO’s market cap surged over 2.53 times within a year to ₹43741.52 Crore in H1FY25, reflecting investor confidence in the company’s growth trajectory.
- Asset Quality: HUDCO reported a significant improvement in asset quality, with Gross NPAs reduced to 2.04% from 3.36% YoY and Net NPAs to 0.31% from 0.49% YoY, positioning HUDCO as an industry leader in asset management.
- Profitability Ratios: Return on Equity (RoE) improved significantly to 14.56% from 11.41% YoY, while Return on Assets (RoA) saw a positive trend, increasing to 2.40% in H1FY25 from 2.20%.
