HUDCO Financial Results for FY2024-25

HUDCO Announces Record-Breaking Financial Results for Fiscal Year 2024-25, Demonstrating Strong Growth and Strategic Leadership  

Mumbai, 7th May, 2025

 

The Board of Directors of Housing and Urban Development Corporation Limited (HUDCO), in its Board meeting held today at Mumbai, approved the Financial Results for the Fiscal Year ended 31st March 2025.

 

The Company reported exceptional & record-breaking financial results, marking a remarkable period of significant growth and profitability, with 27.98 % increase in the Profit After Tax (PAT) Year on Year (YoY). The Revenue from Operations recorded a growth of 32.46% YoY. This outstanding performance is attributed to consistent growth in the Loan Book from Rs.92,654 Crore to Rs. 1,24,828 Crore YoY, highest ever growth of 55% in loan sanctions and 122 % in disbursement and a significant reduction in Net Non-Performing Assets (NPAs) from 0.36% to 0.25% YoY.  The Company's outstanding performance underscores its strategic vision, operational excellence, market penetration, and unwavering commitment to delivering value to its stakeholders.

Key Financial Results:

Key financial results for FY2024-25 compared to FY 2023-24 are as follows:

• Revenue from Operation: Growth of 32.46% on YoY from Rs.7784.29 Crore in FY24 to Rs. 10311.29 Crore in FY25, with highest ever annual disbursement of Rs.40,038 Crore. This growth reflects strong demand for diversified housing & infrastructure products and successful market penetration.

• Profit After Tax: Growth of 28% on YoY from Rs.2116.74 Crore in FY24 to Rs. 2709.14 Crore in FY25. This improvement reflects the company’s effective cost management and operational efficiencies

• Loan Book: Growth from Rs.92,654 Crore to Rs.1,24,828 Crore YoY, a growth of 34.72% over the previous year

• Gross NPAs: Significant reduction from 2.71% to 1.67% YoY

• Net NPAs: Significant reduction from 0.36% to 0.25% YoY

• Earnings Per Share: growth from Rs. 10.57 to Rs. 13.53 YoY, a growth of 28%. This reflects our confidence in the company's financial strength and commitment to returning value to our shareholders.

Shri Sanjay Kulshrestha, Chairman & Managing Director of HUDCO, while expressing his satisfaction at yet another year of exceptional Financial Results said, “Our results are reflective of not only our strategic initiatives but also the dedication and hard work of our talented team as well as trust and support of the stakeholders. Going forward HUDCO, being a government company under MoHUA with lowest levels of NNPA, Debt-Equity and comfortable CAR, is envisaged to play a catalytic role in financing infrastructure beyond housing for creating assets for the Viksit Bharat. He thanked investors for reposing confidence in HUDCO which has helped in increasing the market cap five-fold, since March 2023. In order to optimize cost of borrowings, funds through External Commercial Borrowings (ECB) route are being mobilized/explored. Current Fiscal Budget has laid thrust on Housing and Infrastructure in a big way and HUDCO is geared to capitalize on these opportunities.

CMD, HUDCO conveyed his gratitude to Shri Manohar Lal, Hon'ble Union Minister of Housing and Urban Affairs; Shri Tokhan Sahu, Hon'ble Minister of State, Housing & Urban Affairs; Shri Srinivas R. Katikithala, Secretary, MoHUA and Board of Directors for their unstinted support and guidance.

Strategic Initiatives taken  

HUDCO’s resounding financial results for FY25 is the result of several key strategic policy initiatives taken during the last 18 months such as: 

Obtaining Navratna & NBFC-IFC status, which places HUDCO amongst group of elite CPSEs;

Comprehensive cost management and fundraising strategy aimed at reducing the cost of capital and strengthening its funding base diversified sources such as External Commercial Borrowings (ECB) route by successfully tapping the Japanese market, getting permission to issue 54EC Capital Gain Bonds & Zero-Coupon Bonds, etc. The initiatives taken during the year have already begun to yield results, as our weighted average incremental cost of borrowing has reduced from 7.10% last year to 6.75% currently.

Resolution of Stressed Asset with recovery of Rs. 660 crore from NPA aacounts;

Updation of old policies & formulation of New Policy (e.g. ESG Policy);  

Fresh recruitment & HR restructuring; and 

Digital Initiatives including ERP & e-office system.

Future Outlook:

As a cost-efficient and market-responsive organization, HUDCO is focused on optimizing its borrowing structure to support expanding disbursement needs. For FY26, HUDCO plans to raise ₹65,000 crore in borrowings, up from ₹55,000 crore in FY25. The authorization to issue 54EC Capital Gains Bonds and Zero-Coupon Bonds will enable access to long-tenor, low-cost funds, strengthening support for bankable projects. To capitalize on this opportunity, HUDCO is launching its 54EC Capital Gains Bonds on 7th May 2025.

Aiming for a Zero Net NPA Company in next 18 months. 

We will also continue to invest in our training, research and development, strategic partnerships, talent acquisition to drive sustainable long-term growth and deliver even greater value to our stakeholders. 

We are fully committed and geared up to supporting GoI’s vision of Viksit Bharat@2047 through creation of sustainable and resilient Infrastructure by supplementing key GoI programmes like PMAY-Urban 2.0, Urban Challenge Fund, Smart Cities, AMRUT 2.0, SBM 2.0 and Jal Jeevan Mission.

We aim to strengthen our position in the urban development sector by offering integrated solutions across critical areas such as waste management, water supply, sewage, drainage, land acquisition, integrated townships, industrial corridors, sustainable mobility (metros, expressways), health and green infrastructure, energy transition, and port infrastructure. 

To empower states and Urban Local Bodies (ULBs), HUDCO plans to provide end-to-end project support—including DPR preparation, approval facilitation, cost-effective financing, capacity building, and system planning. 

Looking ahead, HUDCO is set to establish a dedicated Urban Development Single Window Solution in collaboration with Multilateral Institutions and Development Finance Institutions (DFIs), backed by a Project Management Unit (PMU).  As a key catalyst, this platform will offer streamlined, end-to-end project support—enhancing efficiency, coordination, and delivery across the urban development spectrum.