| 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)
Earnings Call Transcript filed with NSE, NSE: HUDCO. Summary written with AI assistance from the document.
Housing and 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.
More from Housing and Urban Development Corporation Ltd
All →Housing and Urban Development Corporation Dividend
HUDCO declared a second interim dividend of Rs 1.35 per equity share for FY 2026-27 on 4 Nov 2026. The record date is 11 Nov 2026 and payment is proposed by 3 Dec 2026.
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
Housing and Urban Development Corporation Board Meeting Date
HUDCO's Board meets 4 November 2026 to consider Q3/H1 results and a potential 2nd interim dividend. Trading Window stays closed until 6 November.
Housing and Urban Development Corporation Debt & Borrowing: ₹149.8 Cr
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- Value
- ₹149.8 Cr
Housing and Urban Development Corporation Legal & Regulatory
HUDCO Board noted LODR fines of ₹0.12 Crore for board quorum and committee non-compliance in Q1 FY27. Board requested waiver citing government-company appointment constraints.
- Value
- ₹0.12 Cr
Housing and Urban Development Corporation Debt & Borrowing: ₹11.65 Cr
HUDCO has completed the redemption of its 7.75% Tax Free Bonds (Series A) and paid final interest, totaling ₹11.65 Crore.
- Value
- ₹11.65 Cr