Update on Financial Results
HUDCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HUDCO reported standalone total income of ₹13,150.40 crore for FY2026, up 27.5% from ₹10,311.29 crore in FY2025. Net profit after tax jumped 48.9% to ₹4,034.37 crore from ₹2,709.14 crore. Basic EPS improved to ₹20.15 from ₹13.53. The Board recommended a final dividend of ₹1.50 per share, bringing total FY26 dividend to ₹6.05 per share (including four interim dividends of ₹4.55 already paid). Net worth grew to ₹21,977.20 crore from ₹17,969.79 crore. Statutory auditors issued an unmodified (clean) opinion, though they raised Emphasis of Matter notes regarding RBI non-compliance on Principal Business Criteria (75% infrastructure exposure not met), non-compliance with SEBI LODR on Independent Director composition, and Deferred Tax Liability treatment on Special Reserve.
Strong profitability growth with 49% PAT increase reflects operational efficiency. However, the high debt-to-equity ratio of 6.43 (up from 5.72) and RBI compliance issues on infrastructure exposure norms warrant monitoring. The clean audit opinion and healthy provision coverage ratio (94.9%) provide some comfort to investors.