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The Housing and Urban Development Corporation (HUDCO) will raise up to INR 3,000 crore through non-convertible debentures (NCDs) via private placement, as part of its plan to mobilize INR 65,000 crore in FY 2025-26. Backed by strong Q1 FY26 results, HUDCO reported a 13% rise in consolidated net profit to INR 630.23 crore and a 34% jump in total income to INR 2,945.47 crore. Loan sanctions more than doubled to INR 34,224 crore, with disbursements hitting a record INR 12,812 crore. With a loan book of INR 1.34 lakh crore, HUDCO aims to channel fresh funds into housing and infrastructure projects under schemes like PMAY and Smart Cities.
The Housing and Urban Development Corporation (HUDCO) is set to raise up to INR 3,000 crore by issuing non-convertible debentures in a private placement. The decision, which follows a strong performance in the first quarter of the current fiscal year, is part of a larger plan to raise up to INR 65,000 crore through bonds and debentures for the 2025-26 fiscal year. The Bond Allotment Committee is scheduled to meet on August 29, 2025, to approve the issue of these unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs. Advertisement
The company, which is a premier public sector enterprise in housing and infrastructure development financing, reported a robust financial performance for the first quarter of fiscal year 2026. Its consolidated net profit increased by 13% to INR 630.23 crore, compared to INR 557.75 crore in the same period a year ago. Total income also saw a significant rise of 34% to INR 2,945.47 crore in the April-June period.
Additionally, the company declared a first interim dividend of INR 1.15 per equity share for the fiscal year. This strong financial position, along with a loan book that has expanded by 30% year-on-year to INR 1.34 lakh crore, has provided the company with the confidence to pursue its fundraising plans.
HUDCO's loan sanctions more than doubled to INR 34,224 crore in the June quarter of FY26 from INR 14,097 crore in the same quarter of the previous financial year. The company's disbursements also hit a record high of INR 12,812 crore, a marginal increase from the previous year, highlighting its ability to deploy funds efficiently.
HUDCO is a key player in financing government initiatives like the Pradhan Mantri Awas Yojana (PMAY), the Smart Cities Mission, and other urban development projects. This new funding will be used to support these ongoing and future projects, which are expected to create significant opportunities in India's housing and infrastructure sectors.
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