Update on Financial Results
HUDCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.6 pts less than Nifty Midcap 150 and 6.7 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.