HUDCO Q4 net profit more than doubles to Rs 1,981 crore

New Delhi: State-owned Housing and Urban Development Corporation (HUDCO) on Thursday reported more than two-fold increase in net profit to Rs 1,981 crore for the fourth quarter ended March 2026 on higher income.

Follow The PSUWatch Channel on WhatsApp

The NBFC-IFC (Infrastructure Financing Company) had earned a net profit of Rs 728 crore in the year-ago period.

Its total income rose to Rs 3,625 crore in January-March 2025-26 from Rs 2,855 crore in the year-ago period, HUDCO said in a regulatory filing.

During the period under review, its interest income increased to Rs 3,555 crore against Rs 2,821 crore a year ago.

Its total expenses also rose to Rs 3,004 crore compared to Rs 1,835 crore in the corresponding quarter a year ago.

For the financial year ended March 31, 2026, HUDCO recorded its highest-ever net profit of Rs 4,034 crore against Rs 2,709 crore in 2024-25, registering a growth of 49 per cent.

The total income climbed to Rs 13,327 crore from Rs 10,348.38 crore in 2024-25.

The board recommended a final dividend of Rs 1.50 per equity share (or 15 per cent on the face value of Rs 10 each) for 2025-26, subject to approval of shareholders in the ensuing annual general meeting (AGM).

During the year, loan sanctions reached an all-time high of Rs 1,64,758 crore, a growth of 29 percent, and the company provided the highest disbursement of Rs 51,194 crore, a 28 percent rise.

Loan book increased to Rs 1,60,724.30 crore, registering a growth of 29 per cent, while maintaining asset quality.

HUDCO Chairman and Managing Director Sanjay Kulshrestha said the company continues to undertake organisational reforms and closely monitor market developments to sustain its growth momentum.

Follow PSU Watch on LinkedIN

Key initiatives contributing to this performance include policy reforms, diversification of resource base, issuing the first-ever perpetual bonds, focused stressed asset resolution, ESG framework, digital initiatives, such as ERP and e-office, and improved governance and financial control, he added.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)