HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED

Income Statement Housing and Urban Development Corporation Limited

Equities

HUDCO

INE031A01017

Consumer Lending

Market Closed - NSE India S.E. Other stock markets 07:43:57 2024-09-10 am EDT			5-day change	1st Jan Change
253.20 ^INR	+0.52%		-7.76%	+101.03%

Sep. 09	India's Bajaj Housing Finance IPO opens to public after raising $209 million from big institutions	RE
Sep. 06	Reserve Bank of India Imposes Penalty on Housing and Urban Development Corporation Limited	CI

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Published financial data: HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	74.86B	71.76B	68.88B	69.84B	76.59B
Interest Expense, Total	48.45B	47.65B	45.33B	45.04B	49.6B
Net Interest Income	26.42B	24.11B	23.56B	24.8B	26.99B
Commission and Fees	62.7M	63.9M	25.7M	26.6M	6.4M
Other Revenues, Total	763M	900M	1.06B	997M	2.7B
Revenues Before Provison For Loan Losses	27.24B	25.08B	24.65B	25.82B	29.69B
Provision For Loan Losses	5.3M	-736M	-2.46B	-737M	-2.08B
Total Revenues	27.24B	25.81B	27.1B	26.56B	31.78B
Salaries And Other Employee Benefits	2.39B	2.06B	2.18B	1.87B	2.33B
Cost of Services Provided, Total	764M	1.03B	656M	645M	663M
Depreciation & Amortization - (IS) - (Collected)	57.1M	68.7M	79M	113M	98.6M
Provision for Bad Debts	5.6M	-	-	-	-
Other Operating Expenses	668M	415M	732M	1.01B	432M
Total Operating Expenses	3.89B	3.58B	3.65B	3.63B	3.52B
Operating Income	23.35B	22.23B	23.46B	22.92B	28.26B
Income (Loss) on Equity Invest.	-2.2M	-800K	-1.9M	-1.9M	-500K
Currency Exchange Gains (Loss)	-30.3M	49.4M	3.8M	-32.6M	-8.3M
Other Non Operating Income (Expenses)	25.7M	3M	600K	1.9M	400K
EBT, Excl. Unusual Items	23.35B	22.29B	23.46B	22.89B	28.25B
Gain (Loss) on Sale of Investments	-57.4M	-	-	-	110M
Gain (Loss) on Sale of Assets	100K	-	-	700K	76.3M
Other Unusual Items	-1.55B	-	-	-	-
EBT, Incl. Unusual Items	21.74B	22.29B	23.46B	22.89B	28.43B
Income Tax Expense	4.66B	6.5B	6.29B	5.88B	7.27B
Earnings From Continuing Operations	17.08B	15.78B	17.16B	17.01B	21.17B
Net Income to Company	17.08B	15.78B	17.16B	17.01B	21.17B
Net Income - (IS)	17.08B	15.78B	17.16B	17.01B	21.17B
Net Income to Common Incl Extra Items	17.08B	15.78B	17.16B	17.01B	21.17B
Net Income to Common Excl. Extra Items	17.08B	15.78B	17.16B	17.01B	21.17B
Per Share Items
Net EPS - Basic	8.53	7.89	8.57	8.5	10.57
Basic EPS - Continuing Operations	8.53	7.89	8.57	8.5	10.57
Basic Weighted Average Shares Outstanding	2B	2B	2B	2B	2B
Net EPS - Diluted	8.53	7.89	8.57	8.5	10.57
Diluted EPS - Continuing Operations	8.53	7.89	8.57	8.5	10.57
Diluted Weighted Average Shares Outstanding	2B	2B	2B	2B	2B
Normalized Basic EPS	7.29	6.96	7.32	7.15	8.82
Normalized Diluted EPS	7.29	6.96	7.32	7.15	8.82
Dividend Per Share	3.1	2.18	3.5	3.85	4.15
Payout Ratio	10.55	39.31	25.37	41.18	43.51
Supplemental Items
Total Revenues (As Reported)	75.72B	72.78B	69.98B	70.86B	79.48B
Effective Tax Rate - (Ratio)	21.44	29.17	26.83	25.68	25.56
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	4.51B	4.23B	4.19B	4.34B	5.11B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	149M	2.27B	2.11B	1.54B	2.16B
Normalized Net Income	14.59B	13.93B	14.66B	14.31B	17.66B
Non-Cash Pension Expense	86.1M	49.5M	88.8M	41.8M	127M

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	2.23B	12.86B	5.6B	478M	3.7B
Long-Term Investments - (FS Template)	2.32B	2.5B	2.57B	6.3B	2.97B
Trading Asset Securities, Total	16.1M	6.6M	3.2M	200K	3.06B
Loans and Lease Receivables - (FS Template)	743B	743B	770B	792B	914B
Other Receivables	2.46B	197M	169M	97.6M	128M
Gross Property Plant And Equipment	1.76B	1.64B	1.79B	1.77B	1.7B
Accumulated Depreciation	-794M	-834M	-874M	-977M	-1B
Net Property Plant And Equipment	968M	801M	916M	794M	696M
Other Intangibles, Total	2.8M	215M	92.3M	94.9M	141M
Other Current Assets, Total	10.21B	9.73B	9.51B	9.36B	9.68B
Other Long-Term Assets, Total	375M	349M	176M	205M	196M
Total Assets	761B	770B	789B	810B	934B
Liabilities
Interest Bearing Deposits	1.68B	228M	39M	17.1M	400K
Deposits	1.68B	228M	39M	17.1M	400K
Accounts Payable, Total	1.1M	1M	900K	500K	-
Accrued Expenses, Total	13.74B	16.5B	14.3B	11.71B	10.88B
Short-Term Borrowings	13.73B	16.11B	493M	17.7B	66.55B
Current Portion of Long-Term Debt	-	-	147B	91.11B	99.45B
Long-Term Debt	599B	593B	468B	520B	574B
Long-Term Leases	100K	100K	-	-	-
Current Income Taxes Payable	-	84.1M	75.1M	146M	461M
Unearned Revenue, Current	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	4.8M	159M	270M	13.4M	924M
Unearned Revenue Non Current	80.7M	82.6M	96.6M	118M	123M
Pension & Other Post Retirement Benefits	1.77B	2.07B	2.39B	2.25B	2.6B
Deferred Tax Liability Non-Current	4.14B	6.34B	8.44B	10.06B	12.28B
Other Non Current Liabilities	3.74B	2.69B	3.67B	1.91B	868M
Total Liabilities	638B	638B	644B	655B	768B
Common Stock, Total	20.02B	20.02B	20.02B	20.02B	20.02B
Additional Paid In Capital	12.6M	12.6M	12.6M	12.6M	12.6M
Retained Earnings	66.77B	70.87B	89.97B	101B	114B
Comprehensive Income and Other	36.62B	40.98B	34.66B	32.94B	32.09B
Total Common Equity	123B	132B	145B	154B	166B
Minority Interest	-	-	-	-	-
Total Equity	123B	132B	145B	154B	166B
Total Liabilities And Equity	761B	770B	789B	810B	934B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2B	2B	2B	2B	2B
ECS Total Common Shares Outstanding	2B	2B	2B	2B	2B
Book Value / Share	61.65	65.88	72.27	77.14	82.98
Tangible Book Value	123B	132B	145B	154B	166B
Tangible Book Value Per Share	61.65	65.77	72.22	77.1	82.91
Total Debt	613B	610B	615B	629B	740B
Debt Equivalent of Unfunded Proj. Benefit Obligation	441M	429M	502M	552M	567M
Net Debt	610B	597B	609B	629B	733B
Equity Method Investments, Total	7.7M	6.9M	5M	3.1M	2.6M
Full Time Employees	788	753	703	673	621

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	17.08B	15.78B	17.16B	17.01B	21.17B
Depreciation, Depletion & Amortization	55.8M	68.3M	77.5M	110M	81.7M
Total Depreciation, Depletion & Amortization	55.8M	68.3M	77.5M	110M	81.7M
Amortization of Deferred Charges, Total	1.3M	1.5M	1.5M	2.8M	16.9M
(Gain) Loss On Sale of Asset - (CF)	-100K	-	-100K	-700K	-76.3M
(Gain) Loss on Sale of Investments - (CF)	1.75B	1.03B	-123M	-74.6M	-687M
Total Asset Writedown	-	-	38.9M	-5.3M	4.2M
Provision for Credit Losses	-	-1.86B	-2.5B	-732M	-2.09B
Change in Trading Asset Securities	-	-	-	-	-3.06B
Change in Other Net Operating Assets (Collected)	-32.39B	3.32B	-25.1B	-26.87B	-120B
Other Operating Activities	135M	3.25B	2.37B	2.05B	2.26B
Cash from Operations	-13.36B	21.61B	-8.06B	-8.51B	-103B
Capital Expenditure	-155M	-108M	-64.1M	-22.7M	-41.8M
Sale of Property, Plant, and Equipment	25.8M	900K	1.6M	1.8M	80.6M
Investment in Marketable and Equity Securities, Total	920M	-71.1M	52.4M	-3.51B	4.25B
Other Investing Activities, Total	37.9M	34.4M	800K	600K	58.9M
Cash from Investing	829M	-144M	-9.3M	-3.53B	4.35B
Long-Term Debt Issued, Total	15.82B	-	5.16B	13.92B	220B
Total Debt Issued	15.82B	-	5.16B	13.92B	220B
Long-Term Debt Repaid, Total	-	-4.62B	-	-	-109B
Total Debt Repaid	-	-4.62B	-	-	-109B
Common Dividends Paid	-1.8B	-6.21B	-4.35B	-7.01B	-9.21B
Common & Preferred Stock Dividends Paid	-1.8B	-6.21B	-4.35B	-7.01B	-9.21B
Other Financing Activities, Total	-370M	-	-	-	-16.7M
Cash from Financing	13.65B	-10.83B	807M	6.91B	102B
Miscellaneous Cash Flow Adjustments	-	-	-	1.9M	-
Net Change in Cash	1.12B	10.63B	-7.26B	-5.12B	3.22B
Supplemental Items
Cash Income Tax Paid (Refund)	4.94B	4.2B	4.12B	4.21B	5.12B
Net Debt Issued / Repaid	15.82B	-4.62B	5.16B	13.92B	111B

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.29	2.06	2.2	2.13	2.43
Return On Equity %	14.66	12.37	12.41	11.38	13.21
Return on Common Equity	14.66	12.37	12.41	11.38	13.21
Margin Analysis
Gross Profit Margin %	99.45	99.43	99.41	99.41	99.46
SG&A Margin	11.03	11.43	9.88	8.86	8.86
Income From Continuing Operations Margin %	62.71	61.15	63.33	64.07	66.61
Net Income Margin %	62.71	61.15	63.33	64.07	66.61
Net Avail. For Common Margin %	62.71	61.15	63.33	64.07	66.61
Normalized Net Income Margin	53.57	53.96	54.09	53.87	55.56
Asset Turnover
Asset Turnover	0.04	0.03	0.03	0.03	0.04
Short Term Liquidity
Current Ratio	25.97	23.14	4.85	6.65	5.22
Quick Ratio	25.62	22.85	4.79	6.57	5.16
Operating Cash Flow to Current Liabilities	-0.46	0.65	-0.05	-0.07	-0.58
Long Term Solvency
Total Debt/Equity	496.41	462.21	425.1	407.31	445.42
Total Debt / Total Capital	83.23	82.21	80.96	80.29	81.67
LT Debt/Equity	485.28	450	323.39	336.86	345.5
Long-Term Debt / Total Capital	81.37	80.04	61.59	66.4	63.35
Total Liabilities / Total Assets	83.79	82.86	81.66	80.93	82.22
Tier 1 Capital Ratio %	56.9	63.11	64.65	73.64	57.53
Total Capital Ratio %	56.94	64.01	64.8	73.79	57.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.22	0.49	4.99	-2.01	19.65
Gross Profit, 1 Yr. Growth %	18.61	0.52	4.97	-2.02	19.71
Earnings From Cont. Operations, 1 Yr. Growth %	44.78	-7.59	8.74	-0.87	24.41
Net Income, 1 Yr. Growth %	44.78	-7.59	8.74	-0.87	24.41
Normalized Net Income, 1 Yr. Growth %	20.61	2.49	5.26	-2.41	23.4
Diluted EPS Before Extra, 1 Yr. Growth %	44.82	-7.56	8.69	-0.83	24.37
Common Equity, 1 Yr. Growth %	12.67	6.85	9.7	6.75	7.57
Total Assets, 1 Yr. Growth %	4.53	1.09	2.52	2.63	15.38
Tangible Book Value, 1 Yr. Growth %	12.67	6.68	9.81	6.75	7.54
Cash From Operations, 1 Yr. Growth %	-94.29	-261.71	-137.3	5.55	1.11K
Capital Expenditures, 1 Yr. Growth %	87.76	-30.08	-40.81	-64.59	84.14
Dividend Per Share, 1 Yr. Growth %	275.76	-29.84	60.92	10	7.79
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	27.24	5.85	2.72	1.43	8.28
Gross Profit, 2 Yr. CAGR %	27.6	6.01	2.72	1.42	8.3
Earnings From Cont. Operations, 2 Yr. CAGR %	30.06	15.67	0.24	3.82	11.05
Net Income, 2 Yr. CAGR %	30.06	15.67	0.24	3.82	11.05
Normalized Net Income, 2 Yr. CAGR %	28.75	7.3	3.86	1.35	9.74
Diluted EPS Before Extra, 2 Yr. CAGR %	30.09	15.7	0.23	3.82	11.06
Common Equity, 2 Yr. CAGR %	11.42	9.72	8.27	8.22	7.16
Total Assets, 2 Yr. CAGR %	24.75	2.8	1.8	2.57	8.82
Tangible Book Value, 2 Yr. CAGR %	11.42	9.63	8.23	8.27	7.15
Cash From Operations, 2 Yr. CAGR %	-58.69	-69.61	-22.34	-37.26	257.26
Capital Expenditures, 2 Yr. CAGR %	49.94	14.57	-35.67	-54.22	-19.25
Dividend Per Share, 2 Yr. CAGR %	137.41	62.37	6.26	33.05	8.89
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	29.28	15.33	5.56	1.12	7.17
Gross Profit, 3 Yr. CAGR %	29.37	15.55	5.67	1.11	7.18
Earnings From Cont. Operations, 3 Yr. CAGR %	26.58	16.05	13.31	-0.13	10.27
Net Income, 3 Yr. CAGR %	26.58	16.05	13.31	-0.13	10.27
Normalized Net Income, 3 Yr. CAGR %	27.51	16.53	6.61	1.73	8.22
Diluted EPS Before Extra, 3 Yr. CAGR %	26.57	16.09	13.32	-0.12	10.26
Common Equity, 3 Yr. CAGR %	10.42	9.87	9.71	7.76	8
Total Assets, 3 Yr. CAGR %	24.61	16.31	2.7	2.08	6.68
Tangible Book Value, 3 Yr. CAGR %	10.42	9.82	9.69	7.74	8.03
Cash From Operations, 3 Yr. CAGR %	-19.87	-34.89	-67.46	-13.98	68.22
Capital Expenditures, 3 Yr. CAGR %	24.02	16.27	-8.07	-47.28	-27.19
Dividend Per Share, 3 Yr. CAGR %	295.79	58.14	61.88	7.49	24.03
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %