HUDCO’s net profit more than doubled from last year to ₹1,981 crore from ₹728 crore last year, aided by a tax credit of over ₹1,300 crore.
The state-run company’s core income or Net Interest Income (NII) at the end of the quarter stood at ₹1,149.7 crore, a growth of 16.6% from the same quarter last year’s figure of ₹985.7 crore.
HUDCO’s asset quality was largely stable, with Gross Credit Impaired Assets Ratio at 1.04% from 1.08% in the December quarter, while Net Credit Impaired Assets Ratio stood at 0.05% from 0.06% in December.
In its business update disclosed earlier, HUDCO had reported a 29% growth in loan sanctions to ₹1.65 lakh crore, while loan disbursements also grew by 28% year-on-year to ₹51,194 crore.
Net profit margin at the end of the quarter stood at 30.27% from 26.18% last year. Provision Coverage Ratio stood at 94.9% from 85.44% during the year-ago quarter.
HUDCO’s board has also approved a dividend of ₹1.5 per share for financial year 2026, which is subject to approval from shareholders at the company’s upcoming annual general meeting.
Shares of HUDCO ended 2% higher on Thursday at ₹224. The stock is up 18% in the last one month and has nearly recovered all of its losses for 2026.
