Housing & Urban Development Corporation (HUDCO) said that its board has approved a borrowing programme of up to Rs 65,000 crore for the financial year 2025-2026, depending upon actual funds requirements.
Further, the companys board has also approved an increase in the overall borrowing limit to Rs 2,50,000 crore from existing limit of Rs 1,50,000 crore as earlier approved by shareholders u/s 180(1)(c) of the Companies Act, 2013, subject to the approval of same by Shareholders.Housing & Urban Development Corporation is primarily engaged in the business of financing housing and urban development activities in the country.
The companys consolidated net profit jumped 41.6% to Rs 735.03 crore in Q3 FY25 as compared with Rs 519.23 crore in Q3 FY24. Total income increased 36.9% YoY to Rs 2770.14 crore in Q3 FY25.
The stock declined 3.50% to Rs 202.45 on the BSE.
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