Home / Business and Economy / Hudco Profit Surges 172% on Tax Gain
Hudco Profit Surges 172% on Tax Gain
14 May
Summary
- Hudco's Q4 net profit jumped 172% to Rs 1,981 crore.
- A significant deferred tax gain boosted the quarterly earnings.
- The company recommended a final dividend of Rs 1.5 per share.
Housing and Urban Development Corporation (Hudco) announced a significant 172% increase in its fourth-quarter consolidated net profit, achieving Rs 1,981 crore for the period ending March 31, 2026. This surge dramatically contrasts with the Rs 728 crore profit reported in the same quarter of the previous fiscal year.
The substantial rise in net profit, despite a 39% decline in profit before tax to Rs 621 crore, was largely attributed to a considerable deferred tax gain. Hudco recorded deferred tax income of Rs 1,530 crore in Q4 FY26, a sharp turnaround from a deferred tax expense of Rs 102 crore in the prior year's quarter.
Revenue from operations climbed by 25% year-on-year to Rs 3,563 crore, with interest income, Hudco's main revenue driver, growing by 26% to Rs 3,555 crore. The company's board has recommended a final dividend of Rs 1.5 per equity share for FY26, pending shareholder approval at the upcoming annual general meeting.
For the full fiscal year 2026, Hudco's consolidated net profit grew by 49% to Rs 4,034 crore from Rs 2,709 crore in FY25. Annual revenue from operations increased by 27% to Rs 13,150 crore, supported by a 28% rise in annual interest income to Rs 13,096 crore.
