HUDCO's Strategic Growth Path: Bond Issuance and Profit Boost in Focus

Housing and Urban Development Corporation (HUDCO) reported a 4% increase in its quarterly net profit. The company aims for 25% growth in its book and plans to raise funds through bond sales in overseas markets, particularly in Japan. HUDCO targets to reduce borrowing costs and maintain healthy net interest margins.

Devdiscourse News Desk | Mumbai | Updated: 07-05-2025 21:02 IST | Created: 07-05-2025 21:02 IST

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The state-run lender, Housing and Urban Development Corporation (HUDCO), announced a 4% rise in its consolidated net profit for the March quarter, reaching Rs 727.74 crore.

The company's total income escalated to Rs 2,854.91 crore in Q4 of 2024-25 from Rs 2,194.04 crore in the same period last year, according to their regulatory filing.

HUDCO's Chairman, Sanjay Kulshrestha, revealed the entity's robust plans for fiscal 2025-26, including a targeted 25% book growth and a borrowing increase to Rs 65,000 crore. Additionally, HUDCO is exploring bond sales in Japan to tap into fixed coupon rates, aiming to mitigate costs and uphold net interest margins.

(With inputs from agencies.)