Home / Business and Economy / Hudco Profit Soars 35% in Q1 FY27
Hudco Profit Soars 35% in Q1 FY27
27 Jul
Summary
- Hudco's net profit surged 35% to ₹851 crore in Q1 FY27.
- Total income increased to ₹3,737 crore in the first quarter.
- An interim dividend of ₹1.25 per equity share was declared.
Housing and Urban Development Corporation Ltd (Hudco) announced a robust financial performance for the first quarter ended June 2026. The state-owned enterprise reported a 35% increase in net profit, accumulating ₹851 crore compared to ₹630 crore in the same period last year.
Hudco's total income grew to ₹3,737 crore in the April-June quarter of fiscal year 2026-27, up from ₹2,945 crore in the prior year. Interest income contributed significantly, rising to ₹3,710 crore. Expenses also increased to ₹2,561 crore.
The company declared its first interim dividend of ₹1.25 per equity share for the financial year 2026-27. Provisions on loans, based on the expected credit loss method, amounted to ₹621 crore as of June 30, 2026.
During the quarter, Hudco successfully raised ₹2,140 crore through the issuance of listed non-convertible debt securities via private placement, further strengthening its financial standing.
