Hudco Share Price Jumps After Strong FY25 Business Update

Housing and Urban Development Corp.'s shares rose 2.20% on Tuesday after the company reported loan sanctions and disbursement growth in fiscal 2025, in a business update.

In financial year 2025, Hudco's loan sanctions rose by 55% year-on-year, reaching Rs 1.28 lakh crore, compared to Rs 82,387 crore in the previous year. This marks the highest ever loan sanctions recorded by the company. Similarly, loan disbursements increased 123% to Rs 40,037 crore, up from Rs 17,987 crore in FY24. The company's assets under management also demonstrated growth, rising by 8% quarter-on-quarter.

Hudco's net profit for the quarter ended Dec. 31, 2024 grew by 41.6% year-on-year, reaching Rs 735 crore, compared to Rs 519.2 crore in the same period last year. Revenue for the quarter surged by 37% year-on-year, totalling Rs 2,760 crore, up from Rs 2,013 crore a year ago.

Hudco's earnings before interest, taxes, depreciation, and amortisation also improved, increasing by 34.1% to Rs 925 crore from Rs 690 crore in Q3 FY24. The Ebitda margin stood at 33.5%, slightly lower than the 34.3% recorded in the previous year.

The scrip rose as much as 2.20% to Rs 203.84 apiece. This compares to a 0.26% decline in the NSE Nifty 50 Index.

It has risen 1.41% in the last 12 months. The relative strength index was at 58.

Two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month consensus price target implies an upside of 78.5%.