Housing & Urban Development Corporation Limited has informed the Exchange regarding Appointment of Ms VAP & Associates as Other of the company w.e.f. August 06, 2025.
HUDCO · price
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HUDCO reported Q1 FY26 standalone results with total income of Rs. 2,945.47 crore, up about 34% YoY from Rs. 2,197.19 crore, driven by higher interest income of Rs. 2,924.64 crore. Profit after tax rose 13% to Rs. 630.23 crore (from Rs. 557.75 crore), with EPS at Rs. 3.15 versus Rs. 2.79. The Board declared a 1st interim dividend of Rs. 1.15 per share (11.50%) with record date August 14, 2025. The Board also recommended appointing M/s VAP & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The auditor flagged an 'Emphasis of Matter' regarding a Rs. 663.46 crore recoverable from the Ministry of Housing & Urban Affairs under the No Lien AGP Account. Net profit margin compressed to 21.40% from 25.38%, and debt-to-equity rose sharply to 6.61x from 4.93x.
Strong revenue growth and a healthy interim dividend are positives for shareholders, but shrinking margins and a rising debt-equity ratio signal rising finance cost pressure on profitability. Investors should note the Rs. 663.46 crore recoverable from the government remains unresolved and the continued high leverage typical of an HFC.