Housing and Urban Development (HUDCO) Q1 24/25 earnings summary

Executive summary

• Achieved Navratna status in April 2024, reflecting strong government support and strategic importance.

• 54-year-old institution with a pan-India presence and a focus on housing and urban infrastructure.

• Standalone net profit for Q1 FY25 was ₹557.75 crore, up from ₹445.70 crore year-over-year.

• Revenue from operations for Q1 FY25 was ₹2,174.60 crore, compared to ₹2,001.60 crore in Q1 FY24.

• Plays a key role in major government schemes such as PMAY, Smart Cities, and Jal Jeevan Mission.

Financial highlights

• Total income for Q1 FY25 was ₹2,197.19 crore, up 19% year-over-year.

• Net profit for Q1 FY25 reached ₹557.75 crore, a 25% increase year-over-year.

• Loan book expanded to ₹1,03,815 crore, up 30% year-over-year.

• Net worth stood at ₹17,273.54 crore, up 9% year-over-year.

• Dividend payout ratio for FY24 was 41.5%, with a recommended final dividend of ₹2.65 per share.

Outlook and guidance

• Approved PMAY (Urban) 2.0 in August 2024, targeting 1 crore houses for urban poor and middle class over five years.

• Expected to play a critical role in implementing new government housing and infrastructure initiatives.

• Sufficient liquidity and undrawn credit lines ensure operational requirements are met.

• No defaults in debt servicing; company expects to continue mobilizing funds as needed.