HUDCO delivers record financial performance in FY 2025-26

Housing and Urban Development Corporation Limited (HUDCO), a Navratna NBFC–IFC, held its 56th Annual General Meeting (AGM) through video conferencing, where Sanjay Kulshrestha, CMD, highlighted the Company’s strongest-ever operational and financial performance despite global economic and geopolitical uncertainties.

Addressing shareholders, Kulshrestha emphasized that urbanisation will be a key driver of India’s long-term growth and that HUDCO remains well-positioned to support sustainable, resilient, and inclusive urban development across the country. Further, he observed that as one of the fastest-growing major economies, well-planned cities—major metros as well as Tier-II and Tier-III towns—will be critical drivers of investment, employment and productivity.

Driven by India’s strong infrastructure and urban development agenda, HUDCO achieved several milestones during FY 2025-26.

HUDCO achieved record annual loan sanctions of Rs 1,64,758 crore, up 29% from the previous year, while loan disbursements rose 28% to Rs 51,194 crore. Its loan book increased to Rs 1,60,724 crore from Rs 1,24,828 crore. Total income grew 29% to Rs 13,327 crore, while net profit reached a record ₹4,034 crore, registering nearly 49% growth. Net worth stood at Rs 21,977 crore, with Gross NPA at 1.04% and Net NPA at 0.05%, supported by a provision coverage ratio of 94.90%.

The company reduced its cost of borrowings by 27 basis points, mobilised $700 million through ECBs and secured another $1.3 billion for future drawdown. Its Capital Adequacy Ratio stood at 39.93%, well above the regulatory requirement of 15%. The Board recommended a record dividend of Rs 6.05 per equity share, totalling Rs 1,211.15 crore. HUDCO retained its AAA/Stable domestic credit rating and achieved an ‘Excellent’ MoU rating for the second consecutive year.

Kulshrestha highlighted the growing role of the Urban Invest Window (UiWIN), launched in November 2025. It is providing end-to-end support to ULBs for infrastructure development and has partnered with Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat, Bihar and Odisha.

HUDCO is expanding its participation in PPP projects, diversifying resource mobilisation and strengthening governance, risk management and information security. It has also inducted over 150 officers in two years.

Looking ahead, HUDCO will focus on financing housing, transport, logistics, water and sanitation, urban mobility, climate-resilient and digital infrastructure, while supporting national development priorities and the vision of Viksit Bharat @2047.