HUDCO net profit rises 31.5% to Rs 1,762 crore in H1 FY27; loan book expands 29%

New Delhi: Housing and Urban Development Corporation Limited (HUDCO) reported a 31.50 percent year-on-year (YoY) increase in profit after tax (PAT) to Rs 1,762.15 crore for the first half of FY 2026-27, compared to Rs 1,340.06 crore in the corresponding period of the previous financial year.

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The Navratna public sector enterprise and infrastructure finance company also recorded a 26 percent growth in revenue from operations to Rs 7,757.59 crore during April-September 2026.

HUDCO's loan sanctions rose 12.5 percent YoY to Rs 1,04,592 crore during H1 FY27, while loan disbursements increased 36.9 percent to Rs 35,372 crore. The growth in lending activity expanded the company's loan book by around 29 percent to Rs 1.86 lakh crore as of September 30, 2026, against Rs 1.44 lakh crore a year earlier.

The company also reported a significant improvement in asset quality. Gross non-performing assets (NPAs) declined to 0.71 percent from 1.21 percent in the corresponding period last year, while net NPAs fell to 0.04 percent from 0.07 percent.

HUDCO's net worth increased 27.29 percent year-on-year to Rs 22,959.05 crore as of September 2026, compared to Rs 18,037.03 crore in the previous year. Annualised earnings per share (EPS) also grew 31.54 percent to Rs 17.60 from Rs 13.38.

Commenting on the performance, Sanjay Kulshrestha, Chairman and Managing Director, HUDCO, said the company delivered strong financial and operational results, supported by growth in loan sanctions and disbursements, sustained profitability and expansion of its loan portfolio.

He attributed the improvement in the company's financial position to prudent financial management and focused risk mitigation, which also contributed to strengthening its balance sheet and improving asset quality.

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Kulshrestha said HUDCO remains committed to financing India's urban infrastructure development and contributing to the government's vision of Viksit Bharat. With strong business momentum, healthy financial fundamentals and improved asset quality, the company is positioned to sustain its growth trajectory in the second half of FY27.

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