State-run Housing and Urban Development Corporation (HUDCO) reported a 3 percent year-on-year (YoY) rise in its consolidated net profit for the July–September quarter of FY26, at Rs 709.83 crore, compared to Rs 688.62 crore in the same period last year.
The company’s revenue from operations surged 28 percent YoY to Rs 3,219 crore, driven by higher loan disbursements and growth in project sanctions across the housing and infrastructure segments, the company said in a regulatory filing on November 10.
For the first half of FY26 (H1FY26), HUDCO reported its highest-ever profit after tax (PAT) at Rs 1,340.06 crore, up 7.52 percent from Rs 1,246.37 crore a year earlier. Profit before tax (PBT) also rose 7.55 percent YoY to Rs 1,811.94 crore, marking another record high.
The company’s loan book expanded 30.15 percent YoY to Rs 1.44 lakh crore as of September 30, 2025, compared with Rs 1.11 lakh crore a year earlier. HUDCO also reported its highest-ever H1 loan disbursements, reaching Rs 25,838 crore, up from Rs 21,699 crore in H1FY25.
Loan sanctions during the period rose 21.6 percent YoY to Rs 92,985 crore, reflecting a strong demand pipeline from both housing and urban infrastructure projects. Revenue from operations for H1FY26 grew nearly 31 percent YoY to Rs 6,156.34 crore, compared with Rs 4,706.07 crore in the corresponding period last year.
HUDCO has also announced a second interim dividend of Rs 10 per share for FY26. The record date to determine the eligibility of the shareholders set to receive the payment has been set at November 19.
Asset quality showed notable improvement, with gross non-performing assets (GNPA) falling to 1.21 percent in H1FY26 from 2.04 percent in H1FY25.
Analysts said the improvement in asset quality and disbursement growth underscores HUDCO’s strong credit discipline and expanding role in financing urban infrastructure projects. The steady profit growth, coupled with record operational metrics, positions the company well for the remainder of the fiscal amid continued policy focus on housing and smart city development.
Separately, HUDCO also launched its ‘Urban Invest Window (UiWIN)’ initiative, which is aimed at accelerating urban infrastructure investment across India. HUDCO’s Urban Invest Window initiative is envisaged at empowering cities and attract global and private investments.
Minister of Housing and Urban Affairs officially launched the initiative during the National Urban Conclave, marking a significant step in India’s efforts to strengthen the financing ecosystem for urban development.
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