Athira Sethu
Kochi, 15 May 2026
Housing and Urban Development Corporation (Hudco) reported a sharp rise in fourth-quarter net profit for FY26, driven by strong growth in interest income and a significant deferred tax gain. The state-run housing and infrastructure financing company posted a consolidated net profit of Rs 1,981 crore for Q4, up 172% from Rs 728 crore in the same quarter last year. Despite a 39% decline in profit before tax, the bottomline surged due to a deferred tax income of Rs 1,530 crore, compared with a deferred tax expense of Rs 102 crore in Q4FY25. Revenue from operations grew 25% YoY to Rs 3,563 crore, underpinned by a 26% rise in interest income. The board has recommended a final dividend of Rs 1.5 per share, subject to shareholder approval.
Quarterly Financial Highlights (Q4 FY26)
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
| Consolidated Net Profit | Rs 1,981 crore | Rs 728 crore | +172% |
| Profit Before Tax (PBT) | Rs 621 crore | Rs 1,020 crore | -39% |
| Deferred Tax Income / (Expense) | Rs 1,530 crore | Rs (102) crore | — |
| Revenue from Operations | Rs 3,563 crore | Rs 2,845 crore | +25% |
| Interest Income | Rs 3,555 crore | Rs 2,821 crore | +26% |
| Other Income | Rs 62.21 crore | Rs 10 crore | +522% |
| Total Expenses | Rs 3,004 crore | Rs 1,835 crore | +63% |
| Finance Costs | Rs 2,413 crore | Rs 1,859 crore | +30% |
| Net Loss on Fair Value Changes | Rs 466 crore | Rs 2.18 crore | — |
| Employee Benefit Expenses | Rs 59.80 crore | Rs 64.19 crore | -6.8% |
| Recommended Dividend | Rs 1.5 per share | N/A | — |
Full-Year Financial Highlights (FY26)
| Metric | FY26 | FY25 | YoY Change |
| Consolidated Net Profit | Rs 4,034 crore | Rs 2,709 crore | +49% |
| Profit Before Tax (PBT) | Rs 3,221 crore | Rs 3,637 crore | -11% |
| Revenue from Operations | Rs 13,150 crore | Rs 10,331 crore | +27% |
| Annual Interest Income | Rs 13,096 crore | Rs 10,200 crore | +28% |
