HUDCO reports record sanctions, strong growth, and diversification plans

HUDCO recorded its highest-ever sanctions at approximately INR92,985 crores in H1 FY26, a 22% increase year-on-year. Disbursements grew by 19% to INR26,000 crores in H1, up from INR21,700 crores in the prior year. The loan book expanded by 30% to INR144,000 crores from INR111,000 crores, with a growth target of over 25% maintained.

The company's gross Non-Performing Assets (NPA) reduced to INR1,750 crores (1.21%), and net NPA stood at 0.07%, with a commitment to achieve zero net NPA within 15 months. HUDCO is targeting INR200 crores in NPA resolutions for Q3 and aims for INR900 crores in recovery during H2 FY26 and next financial year. Revenue from operations increased by 31% to INR6,100 crores from INR4,700 crores in H1.

HUDCO plans to diversify into the private sector, targeting five key areas: port, airport, road, energy, and real estate. The company also launched an urban infrastructure window to support urban local bodies and states, aligning with the government's Viksit Bharat 2047 objective.