New Delhi: State-owned Housing and Urban Development Corporation Ltd (HUDCO) reported a net profit of ₹713 crore for the third quarter of FY26, slightly down 3% from ₹735 crore in the same quarter last year. The company also declared a third interim dividend of ₹1.15 per equity share and enhanced its annual borrowing plan to ₹80,000 crore to support continued growth in housing and urban infrastructure projects.
Q3 FY26 Financial Performance
- Net Profit: ₹713 crore (down 3% YoY from ₹735 crore in Q3 FY25)
- Net Interest Income (NII): ₹1,024 crore, up 4.2% YoY from ₹983 crore
- Interim Dividend: ₹1.15 per share (11.5% of ₹10 face value)
- Record Date for Dividend: February 7, 2026
- Payment Date: Within 30 days of declaration
The stable performance reflects steady loan disbursements to state governments and urban development projects under central housing and infrastructure schemes.
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Enhanced Borrowing Plan for FY26
HUDCO’s board approved an increase in the annual borrowing plan from ₹65,000 crore to ₹80,000 crore. The enhanced plan allows the company to raise funds through:
- Bonds and debentures (private or public placement)
- Term loans and external commercial borrowings (ECBs)
- Commercial papers and assistance from multilateral bodies
Funds will be raised periodically during FY26 with approval from the competent authority.
Auditor’s Review Highlight
The auditors drew attention to interest income of ₹6.73 crore on the ‘No Lien AGP Account,’ with an outstanding debit balance of ₹678.38 crore as of December 31, 2025. HUDCO is currently in discussion with MOHUA for recovery or reimbursement of this amount.
Market Performance
HUDCO shares closed at ₹203.40, down ₹0.85 or 0.42% on the BSE on January 29, 2026. Market analysts note that stable earnings and positive guidance on government housing and urban infrastructure spending could influence HUDCO shares by 4–7% in the near term.
Key investor metrics to watch include:
- Growth in loan disbursements
- Asset quality and NPA levels
- Management commentary on central and state government capex pipelines
About HUDCO
Housing and Urban Development Corporation Ltd (HUDCO) is a central public sector enterprise under the Ministry of Housing and Urban Affairs. The company finances housing, urban infrastructure, and development projects across India, playing a pivotal role in implementing government housing schemes and supporting sustainable urban growth.
Read also: Navratna HUDCO Secures ‘Excellent’ MoU Rating for FY 2024-25 with Score of 97.90 Under MoHUA
