HUDCO Q2 FY26 results: Board declares Re 1 dividend

Board clears Q2 and half-year numbers

Housing and Urban Development Corporation Limited (HUDCO) said its Board of Directors approved the unaudited financial results for the quarter and half year ended September 30, 2025. The decision was taken at the board meeting held on November 10, 2025. HUDCO also said the results include the Statement of Assets and Liabilities as at the end of the half year and a Limited Review Report from statutory auditors.

The company noted that the financial results were reviewed by the Audit Committee before being approved by the board. HUDCO said the disclosures are available on the company’s website.

Second interim dividend announced

Alongside the financial results, the board declared a second interim dividend of Re 1 per equity share. The dividend relates to FY 2025-26, as per the board outcome note.

The company’s exchange communication also referenced disclosures related to the record date for the second interim dividend, but the record date itself was not specified in the text provided.

What HUDCO disclosed under SEBI regulations

HUDCO’s limited review reference states that the unaudited standalone financial results were submitted pursuant to Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. This is the framework used by listed companies to publish periodic financial results and, where applicable, comply with requirements linked to listed debt.

The board meeting note also mentioned discussions on the company’s compliance with SEBI regulations regarding independent directors. The disclosure did not provide further detail on any specific change or appointment.

Snapshot of standalone assets and liabilities (Sep 2025)

HUDCO’s standalone Statement of Assets and Liabilities provides several line items as at September 30, 2025 (unaudited) compared with March 31, 2025 (audited). Total assets were reported at ₹128,497.39 crore as at September 30, 2025.

On the assets side, loans stood at ₹144,209.48 crore (March 31, 2025: ₹124,340.71 crore). Cash and cash equivalents were ₹6.03 crore (March 31, 2025: ₹44.07 crore), while bank balances other than cash and cash equivalents were ₹150.52 crore (March 31, 2025: ₹20.47 crore). Investments were ₹1,702.62 crore (March 31, 2025: ₹1,319.62 crore).

On the liabilities side, debt securities were ₹61,847.62 crore (March 31, 2025: ₹55,907.15 crore) and borrowings were ₹64,989.96 crore (March 31, 2025: ₹51,389.61 crore). Equity share capital was ₹2,001.90 crore and other equity was ₹16,035.13 crore as at September 30, 2025.

Cash flow trends for the half-year period

In the standalone cash flow statement for the period ended September 30, 2025, HUDCO reported profit before tax of ₹1,811.94 crore, compared with ₹1,684.74 crore for the period ended September 30, 2024. Operating profit before working capital changes was ₹1,669.83 crore (September 30, 2024: ₹1,362.80 crore).

Net cash flows used in operating activities were ₹18,768.15 crore for the period ended September 30, 2025, compared with ₹18,494.04 crore for the corresponding period in the previous year. Net cash flows used in investing activities were ₹365.18 crore (September 30, 2024: ₹502.91 crore). Net cash flows from financing activities were ₹19,133.80 crore (September 30, 2024: ₹19,090.06 crore).

The company reported a net increase in cash and cash equivalents of ₹0.47 crore for the period ended September 30, 2025, taking cash and cash equivalents to ₹6.03 crore at the end of the period.

Key numbers table

Market references and recent price point

The provided text also showed HUDCO’s quoted price at ₹214.22, down 1.14%, with a timestamp of April 30, 2026 (05:34:58 PM). This price point is a market snapshot and is separate from the November 2025 board outcome disclosure.

Upcoming board dates and agenda items mentioned

Separately, the material referenced a board meeting scheduled for January 29, 2026, to consider unaudited financial results for the quarter and nine-month period ended December 31, 2025. The same agenda also included declaration of a third interim dividend for FY 2025-26 and enhancement of the borrowing plan/programme for FY 2025-26 from ₹65,000 crore to ₹80,000 crore.

The text also listed a later board meeting on March 23, 2026, where the board fixed a record date of March 28, 2026 for a fourth interim dividend for FY 2025-26, and considered an annual borrowing plan for FY 2026-27.

Why this disclosure matters for investors

For HUDCO shareholders, the immediate takeaway from the November 10, 2025 meeting is the combination of periodic financial reporting and a cash payout via the second interim dividend of Re 1 per share. For debt investors and market participants tracking funding plans, the balance sheet line items and the references to SEBI Regulation 52 are relevant, given HUDCO’s debt securities and borrowings reported in the standalone statement.

The subsequent board agendas mentioned in the same compilation, including a proposed borrowing plan enhancement to ₹80,000 crore and additional interim dividends, indicate that investor attention is likely to remain on funding, profitability, and payout decisions over FY 2025-26.

Conclusion

HUDCO’s board approved unaudited Q2 and half-year results for the period ended September 30, 2025, and declared a second interim dividend of Re 1 per share. The results were reviewed by the Audit Committee and accompanied by a limited review report from statutory auditors, with references to SEBI LODR requirements.

The next key milestone highlighted in the provided material is the board meeting scheduled for January 29, 2026, which includes the next set of periodic results and items such as an interim dividend and borrowing plan enhancement.