India · Delayed Price · Currency is INR Housing and Urban Development Corporation Earnings Call Transcripts
Fiscal Year 2026
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Loan book grew 25% year-over-year with net NPA at 0.06% and a one-time FCNR forex loss of INR 470 crore, which will not recur. Disbursements target INR 50,000 crore for FY 2026, and the debt-to-equity ratio is set to improve below 6x.
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Record sanctions and strong disbursement growth drove a 31% rise in operating revenue and improved profitability, with asset quality at historic lows for NPAs. Guidance remains robust for 25%-30% annual loan growth, with new urban infrastructure and private sector initiatives set to accelerate expansion.
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Loan book grew 30% year-over-year with Q1 disbursements at a record INR 12,800 crore, supported by a robust sanction pipeline and strong asset quality. Net NPA is below 0.1%, and cost of funds remains competitive at 6.32%. Guidance for FY26 disbursements and loan book is likely to be revised upward.
Fiscal Year 2025
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Loan sanctions surged to INR 1.27 lakh crores and disbursements doubled, with strong asset quality and a robust pipeline. NIM improved, cost of funds declined, and new funding avenues launched. Outlook remains positive with stable margins and continued focus on risk mitigation.
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Loan book grew 41% year-over-year to INR 1.18 lakh crores, with strong disbursement and asset quality. Guidance targets INR 1.5 lakh crores by FY26 and INR 3 lakh crores by 2030, with sustainable ROA and no capital infusion needed.