HUDCO Reports Significant Q4 Earnings Growth: Profit After Tax Jumps 172% to ₹1,981 Crore, Net Interest Income Up 16.5%

HUDCO Reports Mixed Financial Performance for Q4FY26

The Housing and Urban Development Corporation (HUDCO), a leading financier of housing and urban development activities, has released its financial results for the March-ending quarter. The report reveals a mixed performance, with significant growth in the top line and a substantial jump in net profit, driven largely by a deferred tax credit.

Key highlights of the company's financial performance for Q4FY26 include a consolidated revenue of ₹3,563 crore, representing a 25.3% increase from ₹2,845 crore in Q4FY25. Net interest income (NII) during the reporting quarter stood at ₹1,149.7 crore, marking a 16.6% increase from ₹958 crore in the corresponding quarter last year.

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However, the company's pre-tax profitability declined sharply due to losses arising from fair value changes. The company's profit before tax stood at ₹621 crore, falling sharply from ₹1,020 crore in the year-ago quarter. This decline was primarily driven by a significant rise in operating expenses, which increased 64% YoY to ₹3,004 crore in Q4FY26.

Despite the decline in pre-tax profitability, the company reported a sharp jump in consolidated net profit to ₹1,981 crore, up 172% from ₹723 crore in the year-ago quarter. This increase was mainly due to a large deferred tax credit of ₹1,530.32 crore, which significantly reduced the overall tax outgo.

For the full financial year FY26, the company reported total revenue of ₹13,150 crore, registering a growth of 27.5% compared to ₹10,311 crore in FY25. Profit before tax for the year stood at ₹3,221.44 crore, lower than ₹3,637 crore reported in the previous year. On the bottom line, the profit after tax rose strongly to ₹4,034.37 crore from ₹2,709.14 crore in FY25, supported by deferred tax benefits during the year.

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In addition to the financial results, the company also announced a final dividend of ₹1.5 per share for FY26. The Board has recommended a final dividend of ₹1.50 per equity share having a face value of ₹10 each for the financial year 2025-26, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The final dividend is in addition to the 1st interim dividend of ₹1.15, 2nd interim dividend of ₹1.00, 3rd interim dividend of ₹1.15, and 4th interim dividend of ₹1.25 already declared and paid for FY2025-26.