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 INR 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.

• Consolidated and standalone unaudited financial results for the quarter ended June 30, 2025, were reviewed and approved by the Board and auditors, with no material misstatements identified.

Financial highlights

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

• Loan book reached INR 1.34 lakh crore at Q1 end, up 29% year-over-year.

• Loan sanctions surged 143% year-over-year to ₹34,224 crore; disbursements hit a record INR 12,812 crore.

• CRAR at 41.72%, indicating strong capitalization.

• Mark-to-market forex loss of approximately INR 100 crore due to currency volatility, considered a one-time event.

Outlook and guidance

• Targeting over 30% growth in disbursements for FY26, with expectations to surpass INR 50,000 crore.

• Loan book guidance likely to be revised upward, with projections to exceed INR 1.5 lakh crore.

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

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

• Long-term target of INR 3 trillion loan book by FY30, with potential for early achievement depending on PMAY progress.