Housing and Urban Development Corporation Limited (HUDCO) has announced the declaration of its 2nd interim dividend for the Financial Year 2026-27. The dividend has been fixed at ₹1.35 per equity share, representing 13.50% on the face value of ₹10 per share. The record date for determining the eligibility of shareholders for this dividend has been set as Wednesday, November 11, 2026. Payment of the interim dividend is expected to be completed within 30 days of its declaration.
HUDCO Board Meeting Outcome
In a board meeting held on Wednesday, November 4, 2026, the Board of Directors of Housing and Urban Development Corporation Limited (HUDCO) convened to consider and approve key financial and corporate actions.
Financial Results Approved
The board reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026. These results, along with the Statement of Assets and Liabilities and the Limited Review Report from the Statutory Auditors, were presented. The financial statements had previously been reviewed by the Audit Committee of the Board.
Dividend Declaration
A significant decision made by the board was the declaration of the 2nd interim dividend for the Financial Year 2026-27. The dividend amount has been fixed at ₹1.35 per equity share, which translates to 13.50% on the face value of ₹10 per share, subject to TDS deduction.
Record Date Fixed
To facilitate the payment of this interim dividend, the board has fixed Wednesday, November 11, 2026, as the Record Date. Shareholders recorded on this date will be eligible to receive the dividend payment.
The process for the payment of the interim dividend is slated to be completed within 30 days from the date of its declaration. Shareholders are advised to refer to the communication uploaded on HUDCO’s website for details regarding the taxation of dividends.
Board Meeting Details
The board meeting commenced at 12:15 p.m. (IST) and concluded at 01:50 p.m. (IST) on the same day.
Auditor’s Review Report
Independent Auditor’s Review Report on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026, was submitted by SARC & Associates, Chartered Accountants. The report indicated no material misstatements and noted an emphasis of matters regarding interest income on the “No Lien Andrews Ganj Project (AGP) Account” and other matters concerning compliance with SEBI regulations.
A similar review was conducted for the Consolidated Financial Results, also by SARC & Associates, noting the inclusion of Shristi Urban Infrastructure Development Limited and emphasizing matters related to interest income and an associate’s financial results.
Financial Highlights (Standalone)
The standalone financial results show a Profit/(loss) before Tax of ₹1,122.46 crore for the half year ended September 30, 2026, compared to ₹1,066.20 crore for the corresponding period in the previous year. The Total Tax Expense amounted to ₹211.42 crore. The Profit/(loss) for the Period stood at ₹911.04 crore for the half year ended September 30, 2026.
Earnings Per Share (Basic and Diluted) for the half year ended September 30, 2026, was ₹4.55.
Financial Highlights (Consolidated)
For the consolidated results, the Profit/(loss) before Tax for the half year ended September 30, 2026, was ₹1,122.46 crore. The Total Tax Expense was ₹211.42 crore, resulting in a Profit/(loss) for the Period of ₹911.04 crore.
The Earnings Per Share (Basic and Diluted) for the consolidated half year was also ₹4.55.
Statement of Assets and Liabilities
As at September 30, 2026, HUDCO’s standalone total assets stood at ₹195,036.84 crore, with total liabilities and equity amounting to the same figure. The consolidated total assets were ₹195,035.10 crore.
Statement of Cash Flow
The standalone cash flow statement indicates a Net cash flows from/(used in) Operating Activities of (₹22,492.73) crore for the period ended September 30, 2026. Net cash flows from/(used in) Investing Activities were ₹120.03 crore, and financing activities generated ₹22,373.42 crore.
Security Cover Ratio
Annexure A provides disclosures in compliance with SEBI regulations regarding the security cover for debt securities. The Debt Equity Ratio as at September 30, 2026, was 7.16, and the Net Worth was ₹22,959.05 crore.
Related Party Transactions
Annexure F details related party transactions for the half year ended September 30, 2026. These include loans extended to directors for various purposes such as household articles and festival expenses, with amounts ranging from ₹72,878 to ₹1,19,170.
Source: BSE
