Housing and Urban Development Corporation Limited , a Government of India enterprise and Navratna CPSE, has disclosed the completion of tenure of its Independent Director, Dr. Ravindra Kumar Ray, effective 14th May, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Completion of Independent Director's Tenure

Dr. Ravindra Kumar Ray ceased to hold the position of Independent Director of HUDCO upon completion of his one-year term of appointment on 14th May, 2026. His appointment had been made in accordance with the Ministry of Housing and Urban Affairs (MoHUA), Government of India order. The key details of the development are as follows:

Regulatory Disclosure

The corporate disclosure was communicated to both BSE Limited and the National Stock Exchange of India Limited on 15th May, 2026, by Vikas Goyal, Company Secretary & Compliance Officer of HUDCO. The communication confirms that Dr. Ravindra Kumar Ray's cessation from the board is a result of the natural completion of his term, as stipulated in the MoHUA appointment order dated 15th May, 2025.

Housing and Urban Development Corporation Limited has published its audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, in compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015. The company recorded a standalone net profit of ₹1,981.31 crore for the quarter ended March 31, 2026, compared to ₹727.74 crore in the same period last year. For the full year, standalone net profit stood at ₹4,034.37 crore, an increase of 48.92% from ₹2,709.14 crore in the previous year. The newspaper publication confirming these results was filed on May 15, 2026.

Financial Performance

Total income from operations for the full year rose 27.54% to ₹13,150.40 crore from ₹10,311.29 crore in the prior year, while Q4 revenue came in at ₹3,562.86 crore compared to ₹2,844.99 crore in the same period last year. The consolidated financial results are identical to standalone figures. The board, in its meeting held on May 14, 2026, approved the audited financial results, with statutory auditors M/s SARC & Associates issuing an unmodified opinion.

Business Highlights

HUDCO's operational momentum was reflected in strong lending activity during FY26. Loan disbursements grew 28% year-on-year to ₹51,194 crore, while loan sanctions surged 29% to ₹1,64,758 crore, underscoring the company's expanding role in financing infrastructure for Viksit Bharat.

Key Financial Ratios

The investor presentation disclosed a comprehensive set of financial ratios reflecting the company's operational and balance sheet health. Net Worth stood at ₹21,977.20 crore in FY26 compared to ₹17,969.79 crore in FY25. The Debt Equity Ratio as per the financial results extract stands at 6.43 times for FY26 versus 5.72 times in FY25.

Asset Quality and Loan Portfolio

The company maintained strong asset quality with a Gross NPA of ₹1,673.84 crore and a Net NPA of ₹85.35 crore, with a provision coverage ratio of 94.90%. The loan portfolio grew to ₹1,60,724 crore in FY26 from ₹1,24,828 crore in FY25.

Dividend Declaration

The Board of Directors recommended a final dividend of ₹1.50 per equity share, i.e., 15% on the face value of ₹10 each, for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. This is in addition to four interim dividends already declared and paid during the year, totaling ₹6.05 per share for the year.