The call ran from 12:31 PM to 1:19 PM IST (49 min).
Key takeaways
H1 FY27 showed strong growth: disbursements over ₹35,000 Cr (+37%) and loan book up 29% to ₹1.86 lakh Cr. Management reaffirmed ~2% spread and ~3% NIM despite funding-cost pressure.
| Revenue growth | Revenue from operations up 26% YoY for H1 FY27. |
|---|---|
| Margins | Spread ~1.96% ex-sovereign loan; NIM 2.93%; targets 2% and 3%. |
| Order book | Sanctioned pipeline ~₹3-4 lakh Cr; 3-5 year gestation periods. |
| Demand visibility | Sanctions over ₹1 lakh Cr per half; ~₹3-4 lakh Cr pipeline. |
| Management confidence | Confident tone; spread and NIM targets reaffirmed despite funding pressure. |
Growth
Loan book +29%, revenue from operations +26%, profit +31% for H1; growth is volume-led on disbursements up 37%.
Outlook
Internal FY27 disbursement target ₹65,000 Cr; loan book target ~₹2 lakh Cr this year; ₹3 lakh Cr by 2030.
Risks
Bond yields near 8%; ₹20,000 Cr sovereign loan at 40bp dilutes spread; other income not growing with disbursements.
Last quarter's promises, checked
Partly delivered
- Spread ~2% → ~1.96% ex-sovereign (= PARTIAL)
- NIM ~3% → 2.93% (= PARTIAL)
- FY27 disbursement ₹65,000 Cr → H1 over ₹35,000 Cr, full year pending (= PARTIAL)
Missed
- ECB all-in cost 5.5%-6.5% incl. hedging → ~6.75% (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Housing and Urban Development Corporation Q2 FY27 Results: Net Profit ₹911 Cr, Up 28.3% YoY
Housing and Urban Development Corporation Ltd reported revenue from operations of ₹4,040 Cr (+25.5% YoY) and net profit of ₹911 Cr (+28.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹911 Cr · +28.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting a loan book of ₹3 Lakh Cr by 2030 with a steady 2% spread maintenance.
Growth they described
Strong disbursement growth reported; FY27 disbursement target set at ₹65,000 Cr vs ₹52,000 Cr in FY26.
Call details
| Company | Housing & Urban Development Corporation Ltd |
|---|---|
| NSE symbol | HUDCO |
| ISIN | INE031A01017 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 12:30 PM IST |
| Length | 49 min |
| Audio | Our stream on YouTube ↗ |
Housing & Urban Development Corporation Ltd: key numbers
- Share price
- ₹159.96
- Market cap
- ₹32,022 Cr
- Revenue (annual)
- ₹13,150 Cr
- Net profit (annual)
- ₹4,034 Cr
- P/E (TTM)
- 7.2×Sector 20.6×
- Promoter holding
- 75.00%+0.00% QoQ
- FII holding
- 2.40%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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