HUDCO Q4 Results: PAT rises 4% to ₹728 crore YoY, NBFC declares final dividend of ₹1.05 per equity share
HUDCO Q4 Results: Housing and Urban Development Corporation (HUDCO) posted a net profit of ₹ 727.74 crore for the fourth quarter of FY25, up 4% year-on-year (Y-o-Y). The Non-Banking Financial Company-Infrastructure Finance Company (NBFC-IFC) also reported a Y-o-Y increase of 37.8% in revenue from operations during the quarter, with revenue at ₹ 2,844.99 crore.
The lender's Net Interest Income (NII), which serves as its core income, rose by 26% to ₹ 962 crore, compared to ₹ 761 crore reported in the same quarter last year.
The HUDCO board has proposed a final dividend of ₹ 1.05 for each equity share with a face value of ₹ 10 for the financial year 2024-25.
This recommendation will require the consent of shareholders during the upcoming Annual General Meeting (AGM), as stated by the company in a filing to the exchange.
HUDCO's Assets Under Management (AUM) increased by 35%, surpassing its target of over 30%. The net interest margin (NIM) was recorded at 3.22%, slightly exceeding the forecasted figure of 3.2%. The company also experienced an enhancement in asset quality, with Gross Non-Performing Assets (NPA) falling to 1.67% from 2.71%, and Net NPA decreasing to 0.25% from 0.36%.
On Tuesday, HUDCO announced its intention to raise up to ₹ 2,190 crore through the issuance of debentures.
The company stated that its 'Bond Allotment Committee' has authorized the issuance of unsecured, taxable, redeemable, non-convertible, and non-cumulative NCDs (non-convertible debentures) with a face value of ₹ 1,00,000 each, totaling up to ₹ 2,190 crore through private placement.
These bonds will be redeemable at par at the conclusion of the fifth year, with interest payments made annually at a coupon rate of 6.9%.
HUDCO specializes in financing housing and infrastructure projects.
HUDCO share price today was trading nearly 2% down following Q4 results, the stock touched an intraday high of ₹ 223.45 apiece on the BSE, and an intraday low of ₹ 208 per share.
Anshul Jain, Head of Research at Lakshmishree Investments said that HUDCO share price is forming a 72-day-long cup and handle pattern on the daily chart, with the cup completed and the handle currently developing. However, the absence of institutional volumes during both the base formation and handle development raises concerns for bulls.
The structure remains technically bullish, but a breakout above ₹ 235 will only be considered reliable if supported by strong volume. A high-volume breakout above ₹ 235 can lead to an extended move toward ₹ 258.
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