Housing and Urban Development (HUDCO) Q2 24/25 earnings summary

Executive summary

• Over five decades of expertise in housing and infrastructure financing, with a multi-sectoral focus and strong government relationships.

• Accorded Navratna status in April 2024, enhancing operational and financial autonomy.

• Registered as an NBFC-IFC by RBI in August 2024, increasing exposure limits for infrastructure financing and enabling international borrowing.

• Consistently profitable, with a focus on social justice and value-added services.

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2024 were reviewed and approved by the Board on 29 October 2024.

Financial highlights

• H1FY25 loan sanctions reached ₹76,472 crore, up 880% year-over-year; highest ever for a half-year.

• H1FY25 loan disbursements at ₹21,699 crore, up 483% year-over-year; record half-year disbursement.

• Standalone total income for H1FY25 was ₹4,706.07 crore, up from ₹3,706.41 crore in H1FY24.

• Standalone net profit after tax for H1FY25 was ₹1,246.37 crore, up from ₹897.39 crore in H1FY24.

• Earnings per share (EPS) for H1FY25 stood at ₹6.23, compared to ₹4.48 in H1FY24.

Outlook and guidance

• Poised to play a critical role in PMAY 2.0, with significant funding opportunities in affordable housing and infrastructure.

• Government's $7 trillion economy vision by 2030 and Viksit Bharat by 2047 expected to drive infrastructure funding demand.

• Anticipated growth in infrastructure investments at a 15.3% CAGR through 2030.

• Maintains sufficient liquidity and undrawn credit lines, with no defaults on debt servicing.