Housing and Urban Development (HUDCO) Q1 25/26 earnings summary

Executive summary

• Achieved strong loan book growth of 30% year-over-year and 8% sequentially, with Q1 disbursements at an all-time high of ₹12,800 crore.

• Over five decades of expertise as a techno-financial institution, supporting housing and infrastructure projects nationwide.

• Strategic partner in major government initiatives like PMAY 2.0, Smart City, AMRUT, and Jal Jeevan Mission.

• Listed entity with 75% government ownership, recently accorded Navratna status in April 2024.

• Pan-India presence with 21 regional and 11 development offices, and a diverse professional workforce.

Financial highlights

• Revenue/operational income grew over 34% year-over-year, and net profit increased by 13% year-over-year to ₹630.23 crore.

• Loan book reached ₹1.34 lakh crore, up 30% year-over-year, with Q1 disbursements at a record ₹12,812 crore.

• Loan sanctions surged 143% year-over-year to ₹34,224 crore.

• CRAR at 41.72%, indicating strong capitalization.

• Net worth as of June 30, 2025, was ₹17,655.92 crore.

Outlook and guidance

• Targeting over 30% growth in loan book and disbursements for FY26, with guidance for loan book to exceed ₹1.5 lakh crore.

• Sufficient liquidity and undrawn credit lines available to meet operational requirements and contingencies.

• No defaults in debt servicing; all obligations met on time.

• Excluding PMAY disbursements from current guidance; any addition will be incremental.

• Expecting further improvement in NIMs and ROA in Q2 as recent disbursements convert to income.