Housing and Urban Development Corporation (HUDCO) has announced its financial results for Q1FY25, showcasing a remarkable growth across all metrics. The company’s revenue from operations has increased by 19% YoY, from Rs. 1,842.61 crore in Q1FY24 to Rs. 2,188.35 crore in Q1FY25. This significant growth can be attributed to a substantial increase in loan disbursements, a 30% growth in loan book, and a decline in blended cost of funds.
Highest Ever Q1 Loan Disbursements and Sanctions
HUDCO has achieved its highest ever Q1 loan disbursements of Rs. 12,625 crore, a significant increase from Rs. 629 crore in Q1FY24. Loan sanctions have also seen a remarkable growth of 92% YoY, standing at Rs. 14,097 crore. The company is confident that this traction in disbursements will continue throughout the year, with a robust pipeline of sanctions in development.
Significant Improvement in Asset Quality and Financial Parameters
The quarter has witnessed a significant improvement in asset quality, with gross NPAs reducing from 3.38% in Q1FY24 to 2.42% in Q1FY25, and net NPAs decreasing from 0.46% to 0.33%. This improvement in financial parameters assures significant returns for all stakeholders, with earnings per share increasing by 25% and market capitalization rising by over 5 times in the last year.
CMD HUDCO Optimistic about Future Growth
Shri Sanjay Kulshrestha, CMD HUDCO, expressed optimism about the company’s future growth, expecting a CAGR of over 25% in its loan book during FY25. He attributed the company’s growth to the trust and support of all stakeholders and the government’s strong emphasis on infrastructure development. With the recent announcement of PMAY 2.0, HUDCO is well-positioned to contribute to the creation of sustainable and resilient infrastructure, aligning with the government’s vision for Viksit Bharat 2047.
