Hudco's Loan Sanctions, Disbursements Rise In FY25
Hudco's loan sanctions rose 55% year-on-year, reaching Rs 1.28 lakh crore in fiscal 2025.
Housing and Urban Development Corp. reported growth in both loan sanctions and disbursements in financial year 2025.
Hudco's loan sanctions rose 55% year-on-year, reaching Rs 1.28 lakh crore in fiscal 2025, compared to Rs 82,387 crore in the previous year. This marks the highest ever loan sanctions recorded by the company.
Similarly, loan disbursements saw an increase of 123%, amounting to Rs 40,037 crore, up from Rs 17,987 crore in fiscal 2024. The company's assets under management demonstrated growth, rising by 8% quarter-on-quarter.
In the third quarter, Hudco's net profit for the quarter ended December 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, totaling 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.
Hudco also declared a third interim dividend of Rs 2.05 per equity share for fiscal 2025, of shares with face value of Rs 10 each. The record date for determining the eligibility of shareholders for payment of an interim dividend is Jan. 30, 2025.
