India · Delayed Price · Currency is INR Housing and Urban Development Corporation Earnings Call Transcripts
Fiscal Year 2027
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Strong Q1 results reflect robust disbursements, a healthy project pipeline, and major MoUs with Gujarat and Bihar. Spreads and NIMs are stable, NPAs are low and resolving, and the borrowing mix is shifting toward more ECBs under favorable RBI terms.
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.