Q3 2026 Housing and Urban Development Corporation Ltd Earnings Call Transcript

Feb 4, 2026 / 10:30 AM GMT

Release Date Price: ₹197.14 (+2.93%)

Transcript

Key Points

Positve

Housing & Urban Development Corp Ltd (NSE:HUDCO) reported a 25% growth in its loan book, adhering to its guidance over the past two years.
The company has successfully reduced its net non-performing assets (NPAs) to approximately 0.06%, indicating strong asset quality management.
HUDCO is diversifying its asset base and borrower profile, aligning with the Reserve Bank of India's mandate to become an infrastructure finance company.
The company has launched an 'Urban Invest Window' platform to streamline project creation, financial closure, and investor engagement, enhancing its role in urban development.
HUDCO is actively participating in government initiatives like the Urban Challenge Fund, which aims to enhance project implementation capacity for urban local bodies.

Negative

The company reported a net loss on fair value changes amounting to 470 crore due to FCNR borrowing, impacting its financial performance.
Net interest margins have fallen to around 2.88% in the nine months of FY26, raising concerns about profitability.
The debt-to-equity ratio is currently high at 7.28 times, indicating potential leverage risks.
There is increased competition from commercial banks and other financial institutions in the infrastructure financing space.
The company faces challenges in resolving remaining NPAs, with 1,600 crore of gross NPAs still unresolved, although efforts are ongoing.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HUDC.NS - Housing and Urban Development Corporation Ltd
Q3 2026 Housing and Urban Development Corporation Ltd Earnings Call
Feb 04, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good evening ladies and gentlemen and welcome to the Housing and Urban Development Corporation Limited Q3 FY26 earnings conference call hosted by TAM Capital Advisors.

As a reminder, all participant lines will be in the listen-only mode.

And there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the con over to Mr. Sanke Cheda from Dam Capital Advisors.

Thank you and over to you, sir.

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