HUDCO Q1 Update: Loans sanctioned nearly double, disbursements up 28%; Stock up 2%

Shares of Housing and Urban Development Corporation Ltd. gained nearly 2% on Wednesday, July 1, after the company reported an increase in loans sanctioned and disbursed in the first quarter compared to the previous year.

HUDCO, in its business update for the June quarter, stated that its loans sanctioned increased to ₹65,485 crore compared to ₹33,904 crore in the first quarter of the previous fiscal.

Its loans disbursements also rose to ₹16,377 crore from ₹12,812 crore in the year-ago period, an increase of 28% from last year.

For the full financial year 2026, HUDCO’s loans sanctioned stood at ₹1.64 lakh crore, while its disbursements stood at ₹51,194 crore, it mentioned in its exchange filing.

During the March quarter, HUDCO’s net profit more than doubled to ₹1,981 crore from ₹728 crore in the previous year. This was aided by a tax credit of more than ₹1,300 crore.

Its net interest income (NII) increased by 16.6% to ₹1,149.7 crore from ₹985.7 crore in the fourth quarter of the previous fiscal.

The state-run company’s asset quality in the March quarter remained largely stable, with its gross credit impaired assets ratio contracting to 1.04% from 1.08% sequentially, while its net credit impaired assets ratio stood at 0.05% from 0.06%.

HUDCO’s board had also approved a dividend of ₹1.5 per share for the entire fiscal year.

HUDCO has seen a sharp shift towards urban infrastructure financing, which now forms nearly 74% of the total loan book at the end of the previous financial year.

While no new NPAs were added last year, recoveries stood at ₹403 crore. Overall borrowing costs came down to 6.56% in financial year 2026, from 7.44% in the previous financial year.

Shares of HUDCO were trading 1.8% up at ₹208.8 apiece at 9.30 am on Wednesday. The stock is down 8.3% so far this year and down 17% from its 52-week high level of ₹246.

Also Read: KPIT Tech shares in focus after warning of US Dollar revenue drop in Q1

First Published: 

Jul 1, 2026 7:52 AM

IST