The HUDCO Board of Directors in its meeting held on 12th August, 2024 approved the financial results for Q1FY25 showing a remarkable growth across all metrics, both in operational and financial parameters.
HUDCO witnessed a 19% YoY growth in Revenue from Operations i.e. from Rs.1,842.61crore in Q1 FY24 to Rs. 2,188.35 crore for Q1 of FY25 owing to significant increase in loan disbursements, 30% growth in loan book and decline in blended cost of funds. The Q1FY25 witnessed highest ever Q1 loan disbursements of Rs. 12,625 crore as against Rs. 629 crore during Q1FY24.
The increased Revenue from Operations has resulted in Highest ever Q1 PAT of Rs 557.75 crore, i.e. an increase of 25% from Rs 445.70 crore in corresponding quarter of FY24 Loan Sanctions stood at Rs.14,097 crore as against Rs 7,359 crore which is an increase of 92% (YoY) and the highest ever Q1 loan sanctions. The company is confident that traction in disbursements shall continue in residual period of FY25 as well. In case of sanctions also, there is a pipeline which is developing.
The quarter witnessed significant improvement in Asset Quality with Gross NPAs going down from 3.38% in Q1FY24 to 2.42% in Q1FY25 and Net NPAs reduction from 0.46% in Q1FY24 to 0.33% in Q1 FY25, which is best in the industry.
Improvement in all financial parameters assures significant return for all the stakeholders as Earnings Per Share marked an increase of 25% from Rs. 8.92 to Rs.11.16 and over 5 times increase in market capitalization in last 1 year.
Shri Sanjay Kulshreshta, CMD HUDCO said that the Company expects CAGR of over 25% in its loan book during FY25 owing to the Government’s strong emphasis on infrastructure development, recent announcement regarding PMAY 2.0 thereby supplementing efforts of GoI for creation of sustainable and resilient infrastructure in line with Govt.’s vision for Viksit Bharat 2047. He attributed the company’s growth to the trust and support of all the stakeholders.
