# Housing & Urban Development Corporation (HUDCO) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/hudco

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹159.9
- Change: +1.18%
- As of: 2026-11-06
- 1D return: +1.18%
- 5D return: +11.76%
- 1M return: +1.85%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, HUDCO is trading at ₹159.90, exhibiting a sharp short-term reversal within a broader downtrend. The daily chart shows price above the 20-period EMA and Supertrend, with an ADX of 35.83 indicating established trend strength. This aligns with extreme upward anomalies on 2026-11-04 (volume ratio 3.46) and 2026-11-05 (upward gap), suggesting strong near-term participation. However, the weekly structure remains bearish, with price below all moving averages and the Supertrend, while the monthly trend is weak (ADX 16.17). The stock is positioned in the upper-middle of its 20-day range (+73.6%) but near the lower end of its 252-day range (+17.2%). Risk remains elevated, with annualized volatility at +36.3% and a current drawdown of -35.4%. Immediate resistance lies at ₹161.89 (1.24% above), followed by ₹165.74 (3.65% above). Support is tight at ₹159.09 (pivot) and ₹158.93 (low). A sustained move above ₹161.89 would be required to confirm further upside momentum against the prevailing weekly bearish bias.

- Short-term momentum is strong: Price trades above daily 20-period EMA and Supertrend with high ADX (35.83), supported by extreme volume and gap-up anomalies on Nov 4–5.
- Medium-term bias remains negative: Weekly structure is bearish (price below all MAs and Supertrend); monthly trend is weak (ADX 16.17).
- Key levels to monitor: Resistance at ₹161.89 (+1.24%) and ₹165.74 (+3.65%); immediate support at ₹159.09 (pivot) and ₹158.93 (low).
- Risk context: Current drawdown is -35.4%; annualized volatility is +36.3%; stock is in the top quartile of its 20-day range but bottom quintile of its 252-day range.

- Harami
- Evening Star
- Bullish Engulfing Reversal
- Outside Bar
- Inside Bar

### News Context

Housing and Urban Development Company Ltd. (HUDCO) reported second-quarter results on November 4, 2026, showing a 28.3% increase in net profit to ₹911 crore alongside improved asset quality and margin expansion. The market reacted positively, with shares rising 6% following the announcement. In conjunction with these earnings, HUDCO’s board approved a second interim dividend of ₹1.35 per share, setting a record date of November 11. This payout aligns with broader media recognition of HUDCO as one of the top ten dividend-paying stocks for the period, highlighting its role in generating immediate cash returns relative to share prices. Despite this quarterly growth, the stock remains down 33% year-to-date as of the report date.

- Q2 Net Profit: Increased by 28.3% to ₹911 crore, accompanied by improved asset quality metrics.
- Dividend Action: Board approved a second interim dividend of ₹1.35 per share; record date is November 11, 2026.
- Market Reaction: Shares rose 6% post-results but remain down 33% for the fiscal year.
- Yield Recognition: Identified among top-ten dividend-paying stocks based on annual yields.

- [Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- [HUDCO Q2 Results: PSU stock jumps 6% after strong topline growth, improved asset quality, margins](https://www.cnbctv18.com/market/hudco-q2-results-psu-stock-topline-profit-growth-asset-quality-margins-dividend-record-date-share-price-20026933.htm)
- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)

### What Changed

On 6 November 2026, Housing & Urban Development Corporation Limited (HUDCO) filed with the NSE to declare an interim dividend of ₹1.35 per share against a face value of ₹10. The record date for this payout is set for 11 November 2026. This corporate action reinforces HUDCO’s standing as a high-yield equity; recent market analysis places it among the top ten dividend-paying stocks in India, highlighting its consistent cash return profile relative to peers like Coal India and TCS.

Market pricing on the observation date reflects a nominal increase, with the share closing at ₹159.90, up from ₹158.03 in the prior snapshot. Additionally, on 5 November 2026, HUDCO submitted copies of newspaper publications regarding its unaudited standalone and consolidated financial results for the half-year ended 30 September 2026, fulfilling regulatory disclosure requirements under SEBI LODR Regulations. While the specific financial figures from these results are not included in the current evidence pack, the filing confirms the company’s ongoing compliance and reporting cadence.

- Interim Dividend Declared: HUDCO announced an interim dividend of ₹1.35 per share with a record date of 11 November 2026.
- Dividend Yield Profile: Recent reports identify HUDCO among the top ten dividend-paying stocks in India, underscoring its role as a yield-focused investment.
- Price Movement: The stock price rose to ₹159.90 on 6 November 2026, compared to the previous snapshot of ₹158.03.
- Regulatory Filing: On 5 November 2026, the company filed newspaper publications concerning its unaudited financial results for the half-year ended 30 September 2026.

- [Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.35 PER SHARE |FACE VALUE:10 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Housing & Urban Development Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)

### Official Filings

HUDCO’s Board, meeting on November 4, 2026, approved unaudited financial results for the half-year ended September 30, 2026, and declared a second interim dividend of ₹1.35 per equity share. This follows an earlier interim dividend of ₹1.25 per share, bringing the total interim payout for FY 2026-27 to ₹2.60 per share (26% of the ₹10 face value). The record date for this payment is November 11, 2026, with payment proposed by December 3, 2026.

Financially, HUDCO reported standalone profit after tax of ₹911.04 crore for the quarter and ₹1,762.15 crore for the half-year, up from ₹1,340.06 crore in H1 FY26. Loan disbursements reached a record ₹35,371.54 crore in H1 FY27. The company maintains a loan book of ₹1,64,758 crore with strong asset quality indicators: gross NPA at 0.71% and net NPA at 0.044%. Capital adequacy remains robust at a CRAR of 32.55%. Additionally, the RBI has classified HUDCO as an NBFC-Upper Layer for FY 2026-27, and promoter holding is now fully with the Ministry of Housing and Urban Affairs following a transfer from the Ministry of Rural Development.

- Dividend Declaration: Board approved a 2nd interim dividend of ₹1.35/share on Nov 4, 2026; record date is Nov 11, 2026, with payment by Dec 3, 2026.
- H1 FY27 Profit Growth: Standalone PAT rose to ₹1,762.15 crore (H1 FY27) from ₹1,340.06 crore (H1 FY26), driven by quarterly PAT of ₹911.04 crore.
- Record Disbursements & Asset Quality: H1 FY27 loan disbursements hit ₹35,371.54 crore; loan book stands at ₹1,64,758 crore with net NPA at 0.044% and CRAR at 32.55%.
- Regulatory & Ownership Update: Classified as NBFC-Upper Layer by RBI for FY26-27; promoter shareholding transferred entirely to MoHUA.

- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.35 PER SHARE |FACE VALUE:10 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Housing & Urban Development Corporation Limited has informed the Exchange about General Updates- Investor Presentation |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HUDCO_05112026150954_SE_Disclosure.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 1.35 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140801_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140744_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/HUDCO_04112026141032_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1608_WebXMLFile_20261104_142259685.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1752768_04112026053843_WEB.xml)

### Fundamentals

HUDCO demonstrates a trajectory of aggressive balance-sheet expansion paired with improving profitability, though cash generation remains negative. For Q2 FY2026-27, the company reported income of ₹4,051 crore and net profit of ₹911 crore, both showing sequential growth from Q1’s ₹3,737 crore and ₹851 crore respectively. This follows a strong full-year Mar 2026 performance where revenue reached ₹13,150 crore and net profit surged to ₹4,034 crore, up from ₹2,709 crore in Mar 2025. Return on Equity (ROE) improved significantly to 20% in Mar 2026 from 16% the prior year.

However, earnings quality faces pressure from rising costs. Finance costs increased to ₹2,857 crore in Q2 FY2026-27, while interest expenses for the TTM period stood at ₹9,515 crore. Consequently, Cash from Operating Activity remained deeply negative at -₹33,912 crore for Mar 2026, necessitating continued reliance on financing activities (+₹34,793 crore). The loan book expanded sharply to ₹1,86,502 crore as of Sep 2026, supported by borrowings rising to ₹1,05,505 crore. While promoter holding remained stable at 75%, the financing margin compressed to 23% in Mar 2026 from 35% in Mar 2025, indicating tighter spreads despite higher volumes.

- Q2 FY2026-27 Net Profit rose sequentially to ₹911 crore, continuing the upward trend from Mar 2026’s ₹4,034 crore annual profit.
- Finance costs remain high at ₹2,857 crore in Q2 FY2026-27, contributing to persistent negative operating cash flow (-₹33,912 crore for FY2026).
- ROE improved to 20% in Mar 2026, but financing margin compressed to 23% from 35% in Mar 2025, reflecting spread pressure.
- Borrowings increased to ₹1,05,505 crore as of Sep 2026 to fund the expanding loan book of ₹1,86,502 crore.

### Bull Case

HUDCO presents a conditional upside case anchored by robust operational performance and shareholder returns, despite the stock trading down 32.8% since the start of the data period. For Q2, the company delivered strong topline growth, with net profit rising 28.3% to ₹911 crore alongside improved asset quality metrics. This financial strength supported a second interim dividend of ₹1.35 per share, reinforcing its status as one of the top ten dividend-paying stocks in the market. Technically, while weekly trends remain bearish, the daily Supertrend indicator has flipped bullish, suggesting a potential shift in short-term momentum. The stock is currently consolidating near ₹159.90, with immediate resistance at ₹161.89 (1.24% above) and support holding around ₹159.09. A constructive interpretation depends on whether this technical reversal sustains against the backdrop of significant year-to-date underperformance (-29.7%).

- Q2 net profit surged 28.3% to ₹911 crore, accompanied by improved asset quality.
- Board approved a second interim dividend of ₹1.35 per share; stock ranks among top 10 dividend payers.
- Daily Supertrend indicator turned bullish, contrasting with bearish weekly signals.
- Current price of ₹159.90 faces immediate resistance at ₹161.89 and support at ₹159.09.

- [Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- [HUDCO Q2 Results: PSU stock jumps 6% after strong topline growth, improved asset quality, margins](https://www.cnbctv18.com/market/hudco-q2-results-psu-stock-topline-profit-growth-asset-quality-margins-dividend-record-date-share-price-20026933.htm)
- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.35 PER SHARE |FACE VALUE:10 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Housing & Urban Development Corporation Limited has informed the Exchange about General Updates- Investor Presentation |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HUDCO_05112026150954_SE_Disclosure.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 1.35 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140801_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140744_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/HUDCO_04112026141032_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1608_WebXMLFile_20261104_142259685.xml)

### Bear Case

HUDCO faces significant headwinds as the stock trades down 32.8% since the start of its tracking period and is off 29.7% year-to-date, despite reporting a 28.3% increase in Q2 net profit to ₹911 crore. The technical setup reinforces this caution: while the daily Supertrend is bullish, the weekly trend is bearish with negative slopes on both the 20-day EMA (-13.57) and 50-day SMA (-7.64), indicating sustained medium-term selling pressure. The stock has experienced a maximum drawdown of -42.2% and currently sits in a -35.4% drawdown from its peak. High annualized volatility of +36.3% and an ATR of 3.57% suggest elevated price swings, limiting stability for risk-averse investors. Although near-term support exists around ₹155–₹159, resistance is immediate at ₹161.89 (1.24% above), suggesting limited upside momentum in the short term.

- Extended Underperformance: Stock is down 32.8% since the start of the period and -29.7% YTD, with a current drawdown of -35.4% against a maximum historical drawdown of -42.2%.
- Bearish Medium-Term Trend: Weekly technicals show a bearish Supertrend direction with steeply negative slopes on the 20-day EMA (-13.57) and 50-day SMA (-7.64).
- High Volatility Risk: Annualized volatility stands at +36.3% with an Average True Range (ATR) of 3.57%, indicating significant price instability.
- Near-Term Resistance: Immediate resistance lies just 1.24% above the current price at ₹161.89, capping short-term upside potential.

- [Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- [HUDCO Q2 Results: PSU stock jumps 6% after strong topline growth, improved asset quality, margins](https://www.cnbctv18.com/market/hudco-q2-results-psu-stock-topline-profit-growth-asset-quality-margins-dividend-record-date-share-price-20026933.htm)
- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.35 PER SHARE |FACE VALUE:10 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Housing & Urban Development Corporation Limited has informed the Exchange about General Updates- Investor Presentation |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HUDCO_05112026150954_SE_Disclosure.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 1.35 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140801_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140744_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/HUDCO_04112026141032_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1608_WebXMLFile_20261104_142259685.xml)

### FAQs

**What dividend is HUDCO paying, and when is the record date?**

HUDCO has approved a second interim dividend of ₹1.35 per share. The record date for this payout is November 11, 2026. This follows an earlier interim dividend of ₹1.25 per share declared in H1 FY27.

**How did HUDCO perform financially in the first half of FY27?**

For H1 FY27 (ended September 30, 2026), HUDCO reported a net profit after tax of ₹1,762.15 crore, up from ₹1,340.06 crore in H1 FY26. Loan disbursements reached a record high of ₹35,371.54 crore during this period.

**What are HUDCO's current asset quality metrics?**

As of September 30, 2026, HUDCO reported a gross NPA of 0.71% and a net NPA of 0.044%. The company also maintains a Capital to Risk-Weighted Assets Ratio (CRAR) of 32.55% against a loan book of ₹1,64,758 crore.

**How has the stock price performed recently relative to its historical levels?**

The stock closed at ₹159.90 on November 6, 2026. It remains down approximately 33% for the year-to-date and has experienced a maximum drawdown of -42.2%. Recent technical indicators show mixed signals, with daily trends suggesting bullish momentum while weekly trends remain bearish.

- [Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- [HUDCO Q2 Results: PSU stock jumps 6% after strong topline growth, improved asset quality, margins](https://www.cnbctv18.com/market/hudco-q2-results-psu-stock-topline-profit-growth-asset-quality-margins-dividend-record-date-share-price-20026933.htm)
- [Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RS 1.35 PER SHARE |FACE VALUE:10 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Housing & Urban Development Corporation Limited has informed the Exchange about General Updates- Investor Presentation |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/HUDCO_05112026150954_SE_Disclosure.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 1.35 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140801_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140744_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/HUDCO_04112026141032_FR_SEP_2026.pdf)
- [Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on 04-Nov-2026 for Dividend |SUBJECT: Outcome of Board Meeting-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1608_WebXMLFile_20261104_142259685.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹159.09
- Risk regime: Higher Price Risk

### Support levels
- 158.925
- 155.8
- 141.81

### Resistance levels
- 185.28375
- 198.351875
- 199.05

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.18% |
| return_10 | +9.51% |
| return_1m | -0.71% |
| return_1y | -29.72% |
| return_20 | +1.85% |
| return_3m | -20.88% |
| return_5 | +11.76% |
| return_6m | -28.11% |
| return_since_start | -32.76% |
| return_ytd | -29.74% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -42.23% |
| annualized_volatility | +36.35% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Housing & Urban Development Corporation Limited Q2 FY2026-27: Profit rises 7% QoQ

HUDCO’s revenue from operations rose 8.7% quarter on quarter (QoQ) to ₹4,040 crore in Q2 FY2026-27, while profit for the period increased 7.0% to ₹911 crore. Interest earned drove the revenue increase, but finance costs grew faster, limiting QoQ growth in profit before tax to 5.3%. At 30 September 2026, loans stood at ₹1,86,502 crore and borrowings at ₹1,05,505 crore.

## Interest income drives revenue growth

Interest earned increased 8.5% QoQ to ₹4,023 crore and represented nearly all revenue from operations. Revenue from operations rose 25.5% year on year (YoY), compared with a 25.8% increase in interest earned.

Other income fell 46.0% QoQ to ₹11 crore from ₹20 crore in Q1 FY2026-27. It included dividend income of ₹8.9 crore and rental income of ₹7.1 crore. Fees and commission income was ₹90 lakh.

## Higher finance costs temper pre-tax growth

Finance costs increased 11.6% QoQ to ₹2,857 crore, outpacing the 8.5% rise in interest earned. Total expenses rose 9.6% to ₹2,929 crore. Profit before tax increased 5.3% to ₹1,122 crore from ₹1,066 crore in Q1 FY2026-27.

Compared with Q2 FY2025-26, expenses rose 27.5% and finance costs increased 33.1%, while profit before tax grew 17.6%.

## Profit, impairment and per-share earnings

Impairment on financial instruments was a credit of ₹44.2 crore in Q2 FY2026-27, compared with a charge of ₹6 lakh in Q1. The reversal contributed positively to the quarter’s pre-tax result.

Profit for the period was ₹911 crore, up 7.0% QoQ and 28.3% YoY. Basic and diluted earnings per share were ₹4.55, compared with ₹4.25 in Q1 FY2026-27. Tax expense was ₹211 crore, down 1.7% QoQ; deferred tax expense increased to ₹21.1 crore from ₹9.3 crore.

## Loan book and funding balances expand

Loans stood at ₹1,86,502 crore on 30 September 2026, compared with ₹1,60,547 crore on 31 March 2026 and ₹1,44,209 crore on 30 September 2025. Total assets were ₹1,95,035 crore at the reporting date.

Borrowings rose to ₹1,05,505 crore from ₹80,862 crore on 31 March 2026. Debt securities declined to ₹59,654 crore from ₹60,815 crore. Equity was ₹22,957 crore, including other equity of ₹20,955 crore.

## Cash flow and comprehensive income

Operating activities used ₹22,493 crore during the quarter, while financing activities provided ₹22,373 crore and investing activities provided ₹120 crore. Free cash flow was negative ₹22,373 crore. At 30 September 2026, cash and cash equivalents were ₹2.79 crore and other bank balances were ₹183 crore.

Comprehensive income fell 27.8% QoQ to ₹642 crore from ₹890 crore, despite the increase in profit for the period. Other comprehensive income was negative ₹269 crore in Q2 FY2026-27.

## Key Takeaway

HUDCO’s Q2 revenue and profit increased, led by growth in interest income, but faster-rising finance costs constrained pre-tax growth. The loan book and borrowings expanded, while negative operating cash flow reflects the quarter’s cash-flow profile alongside this lending growth.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +75.00%
- FII holding: +2.40%
- DII holding: +9.52%
- Mutual fund holding: +1.33%
- Retail holding: +8.66%
- Promoter pledged: +0.00%

### Major reported shareholders

- THE PRESIDENT OF INDIA THROUGH SECRETARY MINISTRY OF HOUSING AND URBAN AFFAIRS — +75.00%
- LIFE INSURANCE CORPORATION OF INDIA — +7.15%

## Official filings

- 2026-11-06 — Corporate Action Notice: Housing & Urban Development Corporation Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: Housing & Urban Development Corporation Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: Housing & Urban Development Corporation Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_06112026171110_NSEBSEReg3006112026_Audio.pdf)
- 2026-11-05 — Earnings Presentation: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_05112026150954_SE_Disclosure.pdf)
- 2026-11-05 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_05112026174537_SE_DISCLOSURE.pdf)
- 2026-11-04 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140801_FR_SEP_2026.pdf)
- 2026-11-04 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_04112026140744_FR_SEP_2026.pdf)
- 2026-11-04 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_04112026141032_FR_SEP_2026.pdf)
- 2026-11-04 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_1608_WebXMLFile_20261104_142259685.xml)
- 2026-11-04 — Financial Results Filing: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1752768_04112026053843_WEB.xml)
- 2026-11-04 — Financial Results Filing: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1752769_04112026053848_WEB.xml)
- 2026-10-30 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_30102026121651_SE_DISCLOSURE.pdf)
- 2026-10-30 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_30102026183716_SE_DISCLOSURE.pdf)
- 2026-10-27 — Board Meeting Notice: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_27102026151918_SE_DECLARATION.pdf)
- 2026-10-27 — Board Meeting Notice: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1608_WebXMLFile_20261027_152648448.xml)
- 2026-10-27 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_1608_WebXMLFile_20261027_152648448.xml)
- 2026-10-22 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_22102026120720_Board_Comments_on_Fine_by_SE_Signed.pdf)
- 2026-10-21 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HUDCO_21102026162844_nse_int_red_21-10-2026_OCR-sd.pdf)
- 2026-10-16 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_16102026183131_SE_DISCLOSURE__1_.pdf)
- 2026-10-16 — Credit Rating Update: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_16102026191319_MOODY_DISCLOSURE.pdf)
- 2026-10-14 — Shareholding Disclosure: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737879_14102026050607_WEB.xml)
- 2026-10-14 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HUDCO_14102026173128_NSE_half_yearly.pdf)
- 2026-10-08 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/HUDCO_08102026113432_BSENSE_Reg_74_5_.pdf)
- 2026-09-30 — Generic Announcement: Housing & Urban Development Corporation Limited — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/HUDCO_30092026164350_Interest_Payment.pdf)

## News and market events

- 2026-11-07 — The Hindu: **Muted markets, active managers: How equity MFs recast their portfolios in this Samvat** — Indian actively-managed equity funds attracted net inflows of ₹5.2 lakh crore and increased assets under management from ₹31 lakh crore to ₹35.4 lakh crore during the period between Diwali 2025 and Diwali 2026, leading to significant portfolio reshuffling across sectors. — [Source](https://www.thehindubusinessline.com/portfolio/mutual-funds/muted-markets-active-managers-how-equity-mfs-recast-their-portfolios-in-this-samvat/article71677679.ece)
- 2026-11-05 — Mint: **Dividend stocks: Coal India, TCS, HUDCO, HCL Tech, GAIL among top 10 dividend paying stocks - Check yield, annual return | Stock Market News** — Livemint highlights Coal India, TCS, HUDCO, HCL Tech, and GAIL among the top ten dividend-paying stocks based on their annual yields. The report details specific payout figures and yield percentages for these entities, including Coal India's 6.72% yield and ONGC's 5.76%, to illustrate immediate cash returns relative to share prices. — [Source](https://www.livemint.com/market/stock-market-news/dividend-stocks-coal-india-tcs-hudco-hcl-tech-gail-among-top-10-dividend-paying-stocks-check-yield-annual-return-11793892901046.html)
- 2026-11-04 — CNBC-TV18: **HUDCO Q2 Results: PSU stock jumps 6% after strong topline growth, improved asset quality, margins** — Shares of state-run Housing and Urban Development Company Ltd. (HUDCO) rose 6% following its Q2 results, which showed a 28.3% increase in net profit to ₹911 crore and improved asset quality metrics. The board approved a second interim dividend of ₹1.35 per share with a record date of November 11, while the stock remains down 33% for the year. — [Source](https://www.cnbctv18.com/market/hudco-q2-results-psu-stock-topline-profit-growth-asset-quality-margins-dividend-record-date-share-price-20026933.htm)
- 2026-11-04 — CNBC-TV18: **Q2 Results Live Updates: BSE, Apollo, IRCON, PFC report today; NSE, MCX react to numbers** — On November 4, approximately 75 companies including Nifty 50 constituents Apollo Hospitals and BSE are reporting their Q2 results alongside numerous broader market names. The article notes that stocks such as NSE, MCX, Lupin, and others are reacting to these earnings releases. This update provides a live feed of the reported numbers, management commentary, and brokerage calls for investors. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-nse-bse-mcx-apollo-hospitals-bata-aurobindo-dabur-pfc-pi-premier-exide-grse-hudco-ircon-dam-lupin-share-price-liveblog-20026491.htm)
- 2026-09-03 — BUSINESS: **Indices tumble for 4th day; IT shares drop** — IT, FMCG and auto shares declined while realty, media and private bank shares advanced. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-tumble-for-4th-day-it-shares-drop-126090300862_1.html)
- 2026-09-03 — BUSINESSTODAY: **Top stocks in news: Meesho, Power Grid, Lumino, Hexaware Tech, HUDCO, Ola Electric, RBL Bank, NMDC** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Meesho, Power Grid, Lumino Industries, Hexaware Technologies, HUDCO, Ola Electric, RBL Bank, NMDC, Page Industries, Power Grid Corporation of India, ICICI Prudential Life Insurance Company, Housing & Urban Development Corporation, Ola Electric Mobility, Persistent Systems, Heidelberg Cement — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-meesho-power-grid-lumino-hexaware-tech-hudco-ola-electric-rbl-bank-nmdc-552997-2026-09-03)
- 2026-09-02 — CNBC-TV18: **HUDCO offers up to ₹25,000 crore to fund industrial parks in Bihar** — HUDCO has signed an MoU with the Bihar government to provide long-term financing for industrial parks, including land acquisition and supporting infrastructure, across the state. — [Source](https://www.cnbctv18.com/market/stocks/hudco-offers-up-to-rs25000-crore-to-fund-industrial-parks-in-bihar-19982587.htm)
- 2026-08-09 — Economic Times: **Loan book to cross Rs 2 lakh crore milestone in FY27: HUDCO CMD** — Housing and Urban Development Corporation Ltd expects its loan book to exceed two lakh crore rupees. The company plans to borrow seventy-five thousand crore rupees from domestic and overseas markets. HUDCO has already raised twenty thousand crore rupees in the first quarter of this fiscal. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/loan-book-to-cross-rs-2-lakh-crore-milestone-in-fy27-hudco-cmd/articleshow/133062572.cms)
- 2026-08-07 — Times of India: **Tata Sons stays, 4 more PSUs enter NBFC upper layer** — India Business News: MUMBAI: Reserve Bank of India on Thursday released the revised list of upper layer NBFCs for FY27 under the scale-based regulation framework, expandin. — [Source](https://timesofindia.indiatimes.com/business/india-business/tata-sons-stays-4-more-psus-enter-nbfc-upper-layer/articleshow/133019090.cms)
- 2026-08-07 — The Hindu: **Stocks to watch, Aug 7: HUDCO, REC, PFC, IRFC, RailTel, Bondada, Aegis Logistics, Alkem Lab, J Kumar Infra, TVS Motor Co** — Key market players face increased regulatory scrutiny as the RBI classifies four state-owned NBFCs, while RailTel and Aegis Logistics secure major contracts, and TVS Motor enters the African electric vehicle market. — [Source](https://www.thehindubusinessline.com/markets/stocks-to-watch-aug-7-hudco-rec-pfc-irfc-railtel-bondada-aegis-logistics-alkem-lab-j-kumar-infra-tvs-motor-co/article71316098.ece)

## Business profile

**Strategic vision:** Techno-financial institution promoting sustainable habitat development.

### Business segments
- **Financial Services:** Provides long-term finance for housing and urban infrastructure projects across India, including infrastructure loans.

### Competitive strengths
- Navratna Central Public Sector Enterprise status
- Operates under the Ministry of Housing and Urban Affairs

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/hudco
Markdown representation: https://faxioms.com/stocks/hudco?render=md