HUDCO Q3 Results: Net profit down 3%, NII rises; interim dividend declared

State-owned Housing and Urban Development Corporation Ltd (HUDCO) on Thursday (January 29) reported a net profit of ₹713 crore for the third quarter of FY26, down 3% year-on-year from ₹735 crore in the same period last year. Net interest income (NII) for the quarter rose 4.2% year-on-year to ₹1,024 crore, compared with ₹983 crore in Q3FY25.

The board of directors approved a third interim dividend for the financial year 2025–26 at their meeting held on Thursday. It declared an interim dividend of ₹1.15 per equity share, equivalent to 11.5% on the face value of ₹10 each.

The record date for determining shareholder eligibility for the dividend has been fixed as Saturday, February 7, 2026. The payment of the interim dividend will be completed within 30 days of its declaration.

Also Read: HUDCO expects asset base to beat targets, steps up urban infra focus

In addition, HUDCO approved an enhancement of its annual borrowing plan for FY26 from ₹65,000 crore to ₹80,000 crore. The revised borrowing programme covers various debt segments, including bonds and debentures through private or public placement, term loans, external commercial borrowings, commercial papers, and financial assistance from multilateral bodies.

The funds under the revised plan will be raised from time to time during the financial year with the approval of the competent authority as per delegated powers.

Shares of Housing & Urban Development Corporation Ltd ended at ₹203.40, down by ₹0.85, or 0.42%, on the BSE today, January 29.

Also Read: HUDCO signs MoU with Chhattisgarh to offer up to ₹1 lakh crore funding over five years