HUDCO To Raise ₹2,910 Crore Via Private Placement

Housing and Urban Development Corporation Limited (HUDCO), an esteemed Indian public sector enterprise, was established on April 25, 1970. Operating under the ownership of the Government of India, it is headquartered in New Delhi.

Fund Raise Via Private Placement

Housing and Urban Development Corporation Limited (HUDCO) has announced plans to raise up to ₹2,910 crore through bonds via private placement, as per an exchange filing on Wednesday. 

The board has granted in-principle approval for the issuance of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs, each with a face value of ₹1,00,000, aggregating to ₹2,910 crore. The issue comprises a base size of ₹500 crore, with a green shoe option of up to ₹2,410 crore. The bonds are redeemable at par upon maturity in the 10th year, with annual interest payouts.

HUDCO Q3 FY25 Results

In a stellar financial performance, HUDCO reported a robust surge in profit and revenue for Q3 FY25, reinforcing its strong growth trajectory. For the quarter ending December 2024, net profit witnessed an impressive 41.6% year-on-year surge, reaching ₹735 crore, compared to ₹519.2 crore in the corresponding period last year. Revenue similarly soared 37% year-on-year to ₹2,760 crore, up from ₹2,013 crore in the previous year.

The company declared an interim dividend of ₹2.05 per equity share and augmented its borrowing plan for FY25, increasing it from ₹40,000 crore to ₹55,000 crore. HUDCO’s loan book expanded by approximately 41% year-on-year, reaching ₹1,18,931 crore, with around 40.17% exposure to affordable housing. Additionally, NPAs improved significantly, declining from 0.44% to 0.27% year-on-year, underscoring the company’s strong asset quality and prudent financial management.

Share Price Performance 

At 9:48 PM on February 13, 2025, Housing And Urban Development Corp Ltd (HUDCO) shares traded at ₹192.60 per share on the NSE.

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