New Delhi: Housing and Urban Development Corporation Limited (HUDCO), a Navratna Central Public Sector Enterprise (CPSE) and an NBFC–Infrastructure Finance Company (IFC) under the Ministry of Housing and Urban Affairs, has reported a strong financial and operational performance for the first half of FY 2026–27. The company’s Profit After Tax (PAT) registered a growth of 31.50% year-on-year (YoY), reaching ₹1,762.15 crore compared to ₹1,340.06 crore in the corresponding period of the previous financial year.
The Board of Directors of HUDCO approved the financial results for the half year ended September 30, 2026, at its meeting held on November 4, 2026. The results reflect strong business growth, improved operational efficiency, expansion of the loan portfolio and significant improvement in asset quality.
HUDCO H1 FY27 Financial Performance: Revenue Rises 26%
HUDCO recorded substantial growth across its key financial parameters during the first half of FY 2026–27. Revenue from operations increased by approximately 26% year-on-year to ₹7,757.59 crore, reflecting the company’s sustained business momentum.
Profit After Tax (PAT) increased by 31.50% to ₹1,762.15 crore against ₹1,340.06 crore in H1 FY26. The company’s annualised Earnings Per Share (EPS) also witnessed a significant improvement of 31.54%, rising to ₹17.60 from ₹13.38 in the corresponding period last year.
Furthermore, HUDCO’s total net worth grew by 27.29% year-on-year to ₹22,959.05 crore, compared to ₹18,037.03 crore in H1 FY26, indicating a further strengthening of its financial position.
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Loan Sanctions and Disbursements Record Strong Growth
HUDCO continued to demonstrate strong operational performance, supported by increased loan sanctions and disbursements during the first half of FY27.
The company’s loan sanctions increased by 12.50% year-on-year to ₹1,04,592 crore. Meanwhile, loan disbursements registered an impressive growth of 36.90%, reaching ₹35,372 crore during the reporting period.
The growth in lending activity also contributed to a significant expansion of HUDCO’s loan portfolio. Its total loan book increased by approximately 29% year-on-year to ₹1.86 lakh crore, compared to ₹1.44 lakh crore in the corresponding period of the previous financial year.
This expansion highlights the company’s continued focus on financing housing and urban infrastructure projects across the country.
HUDCO Asset Quality Improves, Net NPA Declines to 0.04%
Alongside its strong financial and operational growth, HUDCO reported a significant improvement in asset quality during H1 FY27.
The company’s Gross Non-Performing Assets (GNPA) declined to 0.71% from 1.21% in the corresponding period last year. Similarly, Net Non-Performing Assets (NNPA) improved to 0.04%, compared to 0.07% previously.
The reduction in both gross and net NPAs reflects the company’s focused approach towards risk mitigation, prudent financial management and strengthening of its balance sheet. The improvement in asset quality further reinforces HUDCO’s financial position and lending capabilities.
CMD Sanjay Kulshrestha Highlights Strong Financial and Operational Performance
Commenting on the half-yearly financial results,Sanjay Kulshrestha, Chairman and Managing Director (CMD) of HUDCO, said that the Corporation had delivered a robust financial and operational performance, driven by strong growth in loan sanctions and disbursements, sustained profitability and expansion of its loan portfolio.
He highlighted that HUDCO’s prudent financial management and focused risk mitigation measures had further strengthened its balance sheet, resulting in a significant improvement in asset quality and a reduction in non-performing assets.
The CMD reaffirmed HUDCO’s commitment to financing India’s urban infrastructure development and contributing to the vision of Viksit Bharat.
He further stated that with strong business momentum, healthy financial fundamentals and industry-leading asset quality, HUDCO is well-positioned to sustain its growth trajectory in the second half of FY 2026–27.
HUDCO’s Growth Outlook for H2 FY27
With a 31.50% increase in PAT, 26% growth in revenue from operations and a 29% expansion in its loan book, HUDCO has reported a strong performance in the first half of FY27. The improvement in asset quality, particularly the decline in net NPAs to 0.04%, further strengthens its financial position.
The Corporation aims to maintain its growth momentum in the coming quarters while continuing to support housing, urban development and infrastructure financing requirements across India.
About HUDCO
Housing and Urban Development Corporation Limited (HUDCO) is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, Government of India. It is an NBFC–Infrastructure Finance Company (IFC) engaged in financing housing and urban infrastructure projects. Through its financial support and development-oriented initiatives, HUDCO plays an important role in strengthening urban infrastructure, promoting housing development and supporting India’s sustainable urbanisation goals.
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