NEW DELHI: Housing and Urban Development Corporation (HUDCO), a Navratna public sector enterprise, has announced robust financial results for the nine months ending December 2024 (9M FY25), showcasing significant growth across key metrics.
HUDCO’s loan book stood at an impressive ₹1,18,931 crore, reflecting the company’s strong footing in financing housing and urban infrastructure projects. The revenue from operations reached ₹7,466.13 crore, underlining its consistent performance in generating robust income streams.
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The company’s gross non-performing assets (GNPA) were reported at 1.88%, while net NPAs remained as low as 0.27%, demonstrating HUDCO’s stringent credit management and risk assessment practices. This highlights its focus on maintaining asset quality despite challenging macroeconomic conditions.
Earnings per share (EPS) rose to ₹9.90, providing investors with solid returns and reaffirming confidence in the company’s profitability. HUDCO also reported a profit after tax (PAT) of ₹1,981.40 crore for the period, marking a significant achievement and reflecting the efficient execution of its strategic objectives.
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HUDCO’s performance underscores its critical role in supporting India’s urbanization and housing needs. The company continues to align its operations with the government’s initiatives for infrastructure development and affordable housing, cementing its position as a key player in the sector.
As the financial year progresses, HUDCO’s prudent financial management, low NPAs, and consistent revenue generation are expected to drive further growth, enhancing shareholder value and contributing to India’s development goals. Investors and stakeholders are likely to keep a close eye on the company’s trajectory in the coming quarters.
With its robust financial health, HUDCO remains well-positioned to capitalize on opportunities in the housing and urban infrastructure landscape.
