Housing & Urban Development Corporation Limited — Important, 22-01-2025: Updates

**Financial Highlights:** For the nine-month period ended December 31, 2024, HUDCO reported significant growth with loan sanctions reaching ₹92,151 crore, a remarkable 235% increase year-on-year. Loan disbursements also surged by 112% to ₹31,760 crore. Profit after tax (PAT) climbed 40% to ₹1,981.40 crore, with revenue from operations rising 30% to ₹7,466.30 crore. The loan portfolio reached ₹1,18,931 crore, reflecting a 41% growth compared to the previous year.

**Strategic Initiatives and Growth Drivers:** HUDCO plays a pivotal role in various government schemes, particularly PMAY 2.0, aiming to provide 1 crore homes for the urban poor with a total outlay of ₹10 lakh crore. The company's recent designation as an NBFC-IFC will support its expanded focus on infrastructure funding.

**Business Developments:** Collaborations with various state governments include commitments of ₹1 lakh crore for housing and infrastructure projects in Rajasthan and ₹10,000 crore in Maharashtra. HUDCO continues to enhance its consultancy services, as demonstrated by its partnerships with organizations like DDA and RITES.

**Market Position and Competitive Advantage:** HUDCO holds the status of a 'Navratna' CPSE, maintaining strong relationships with state governments and demonstrating unmatched asset quality, with gross NPAs at just 1.88%. The company's strategic focus on affordable housing and urban infrastructure positions it favorably in a growing economic landscape.

**Investor Implications:** The continued growth trajectory and government support anticipate positive outlooks for investors. With a market cap of ₹46,986.59 crore as of December 2024, HUDCO stands among India's top 200 companies and is expected to leverage infrastructure investment opportunities in the coming years.