HUDCO board OKs to raise upto Rs 65,000 crore in FY26

Further, the company's 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 company's 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.