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Earnings Call Transcript

Housing and Urban Development Corporation Earnings Call Transcript: Key Takeaways

HUDCO is pivoting from a grant-based model to bankable urban infrastructure projects, leveraging a massive ₹6.5L Cr MOU pipeline.

Guidance and delivery
Management target Revenue 25.0% FY27
Highlights
Revenue growthStrong disbursements; targeting 25% growth in FY27 disbursements.
MarginsAiming to maintain steady 2% spreads and 3% NIMs.
Order bookMassive pipeline of ₹6.5 Lakh Cr in existing MoUs.
Demand visibilityStrong visibility via MoUs with Gujarat and Bihar for ₹2L Cr.
Management confidenceHigh; emphasizing strategic shift toward large-scale urban infrastructure MoUs.

Growth

Strong disbursement growth reported; FY27 disbursement target set at ₹65,000 Cr vs ₹52,000 Cr in FY26.

Outlook

Targeting a loan book of ₹3 Lakh Cr by 2030 with a steady 2% spread maintenance.

Risks

Project execution delays in MoUs due to land acquisition and political issues; competitive pressure on lending rates.

Last quarter's promises, checked

Delivered

  • Guided 25% loan growth → delivered 30% (= BEAT)
  • Targeted 3% NIM → delivered 3.43% (excl. EBR) (= BEAT)
  • Guided 2% spread → delivered 2.42% (= BEAT)

Partly delivered

  • Targeted INR 1.5L Cr loan book by Mar'26 → delivered INR 1.44L Cr currently (= PARTIAL)

Missed

  • Guided zero forex loss → delivered INR 176 Cr loss (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: HUDCO. Summary written with AI assistance from the document.

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Housing and Urban Development Corporation Ltd: key numbers

Share price
₹173.99
Market cap
₹34,831 Cr
Revenue (annual)
₹13,150 Cr
Net profit (annual)
₹4,034 Cr
P/E (TTM)
8.2×Sector 22.0×
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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18:38 IST BSE
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Housing and Urban Development Corporation Other Announcement

HUDCO has extended the tenure of its Chief Compliance Officer, Ms. Nishi Rani, for an additional one-year period effective from 29th September, 2026.

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Housing and Urban Development Corporation Debt & Borrowing: ₹211 Cr

HUDCO confirmed the payment of interest worth Rs.210.97 Crore for its 8.37% GoI FS Bonds Series-VI, due on September 25, 2026.

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₹211.0 Cr
17:26 IST BSE
Debt & Borrowing

Housing and Urban Development Corporation Debt & Borrowing: ₹143 Cr

Housing & Urban Development Corporation has successfully paid ₹143 Crore in interest for its 7.15% taxable NCDs Series-C, due on September 25, 2026.

Value
₹143.0 Cr
17:42 IST BSE
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Housing and Urban Development Corporation Other Announcement

HUDCO has been assigned an ESG rating of 61.5 (Grade B) by SES ESG Research Pvt. Ltd., based on publicly available information.

19:21 IST BSE
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Housing and Urban Development Corporation Management Change

HUDCO has appointed S A R C & Associates as the new statutory auditor of the company, effective September 8, 2026.

16:55 IST BSE
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Japan Credit Rating Agency upgraded HUDCO's Foreign and Local Currency Long Term Issuer Ratings from BBB+ to A- with a stable outlook, reflecting India's sovereign rating upgrade.