Business

 IIE DIGITAL DESK :  May 7, 2025 — Housing and Urban Development Corporation (HUDCO), a state-owned infrastructure finance company, reported a consolidated net profit of ₹727.74 crore for the fourth quarter of fiscal year 2024–25 (Q4 FY25), marking a 4% year-on-year increase from ₹700.16 crore in the same period last year. 

The company's total income for Q4 FY25 rose to ₹2,854.91 crore, up from ₹2,194.04 crore in the corresponding quarter of the previous fiscal year. 

HUDCO's board of directors recommended a final dividend of ₹1.05 per equity share for FY25, subject to shareholder approval at the upcoming Annual General Meeting. This final dividend is in addition to the interim dividends of ₹2.05 and ₹1.05 per share declared earlier in the fiscal year.  

The company announced plans to raise up to ₹2,190 crore through the issuance of unsecured, taxable, redeemable, non-convertible debentures (NCDs) on a private placement basis. These bonds will have a face value of ₹1,00,000 each, a tenure of five years, and an annual coupon rate of 6.9%.  

HUDCO reported an improvement in asset quality, with Gross Non-Performing Assets (GNPA) reducing to 1.67% from 2.71%, and Net NPA declining to 0.25% from 0.36%.

 Despite the positive financial performance, HUDCO's shares declined by 4.54% to ₹208 on the Bombay Stock Exchange (BSE), down from the previous close of ₹217.90. The company's market capitalization stood at ₹43,150 crore.

HUDCO's steady growth in net profit and revenue, along with its plans for capital infusion and improved asset quality, reflect its robust financial health and commitment to supporting housing and urban development projects across India.