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HUDCO's Q3 Profit Declines 3%, Approves Interim Dividend
29 Jan
Summary
- HUDCO's Q3 net profit decreased by 3% to ₹713 crore.
- A third interim dividend of ₹1.15 per share for FY26 was approved.
- The annual borrowing plan for FY26 was increased to ₹80,000 crore.
Housing and Urban Development Corporation Ltd (HUDCO) announced a net profit of ₹713 crore for the third quarter of FY26. This represents a 3% decrease compared to the same period last year. The company's net interest income, however, showed positive growth, rising by 4.2% year-on-year to ₹1,024 crore.
During its board meeting, HUDCO approved the declaration of a third interim dividend for the financial year 2025-26. Shareholders will receive ₹1.15 per equity share, equivalent to 11.5% of the face value. The record date for this dividend payment is February 7, 2026.
Furthermore, HUDCO has substantially revised its annual borrowing program for FY26. The planned borrowing has been increased from ₹65,000 crore to ₹80,000 crore. This enhanced borrowing capacity will be utilized across various debt instruments, including bonds and debentures, through both private and public placements.
