Analysts/Institutional Investor Meet/Con. Call Updates

HUDCO/List. Comp. /SE/2026 10th November, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 SCRIP CODE: 540530 SCRIP CODE: HUDCO Sub.: Transcript of Earnings Conference Call held on 6th November, 2026 ----------------------------------------------------------------------------------------------- Sir/Madam, In compliance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached transcript of Earnings Conference Call held on 6th November, 2026. The same will also be available on the website of the Company i.e. www.hudco.org.in This is for your kind information. Yours sincerely For Housing and Urban Development Corporation Limited Vikas Goyal Company Secretary & Compliance Officer Encl. as above “Housing and Urban Development Corporation Limited Q2 FY27 Earnings Conference Call” November 06, 2026 MANAGEMENT: MR. SANJAY KULSHRESTHA – CHAIRMAN & MANAGING DIRECTOR – HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED MR. M. NAGARAJ – DIRECTOR, CORPORATE PLANNING – HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED MR. DALJEET SINGH KHATRI – DIRECTOR, FINANCE – HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED MR. ACHAL GUPTA – EXECUTIVE DIRECTOR, FINANCE – HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED MODERATOR: MS. RATI PANDIT -- ASHIKA INSTITUTIONAL EQUITIES Page 1 of 15 Housing and Urban Development Corporation Limited. November 06, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Housing and Urban Development Corporation Limited Q2 FY 2027 earnings conference call hosted by Ashika Institutional Equities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch- tone phone. Please note that this call is being recorded. I now hand the conference over to Ms. Rati Pandit from Ashika Institutional Equities. Thank you, and over to you. Rati Pandit: Thank you, Yashashree. A very good afternoon to everyone. On behalf of Ashika Institutional Equities, we welcome you all to the Q2 FY 2027 earnings conference call of Housing and Urban Development Corporation Limited. We are pleased to host the senior management of the company represented by Shri Sanjay Kulshrestha, Chairman & Managing Director, Shri M. Nagaraj, Director Corporate Planning, Shri Daljeet Singh Khatri, Director Finance, and Shri Achal Gupta, Executive Director Finance. I now hand over the call to Chairman Sir, Shri Sanjay Kulshrestha, for his opening remark, post which we can have the floor open for Q&A. Thank you, and over to you, sir. Sanjay Kulshrestha: Thank you, Ashika Equities. Good afternoon, friends. At the outset, I will extend my warm greetings to all the investors and the stakeholders. I also take the opportunity to wish everyone a very Happy and Prosperous Diwali, may the festival bring happiness, prosperity, and new opportunities. If you see the journey of the HUDCO during last two, three years, it has been very happening. There were a lot of commitments from the Government of India, not only towards the financial supplementation, but also towards the policy side. There were lot of announcements in the budget regarding lot of missions and a lot of programs. If you see the bottom line, the thought of the Government of India is that for the Viksit Bharat, we need Viksit cities, the developed cities and for developed cities, we need lot of capital infusion, lot of planning, and lot of emphasis towards the reforms and the governance. During H1 of the 2027, HUDCO has delivered a strong performance because of all the reasons I had mentioned. During the first half of FY 2027, it reflects the sustained business momentum and improved operational efficiency. The disbursement of the loan stood at around more than INR35,000 crores, which is around 37% more than the previous financial year, and our loan sanction has reached to more than INR1 lakh crore during the first half yearly. The pipeline is very strong regarding the disbursement, and we are completely aware that lot of disbursements will be planned in times to come. The loan book has grown by 29% and it has become INR1.86 lakh crores. Revenue from operation has also increased by 26%. The net profit has also increased by 31% during half yearly. Asset quality continued to improve, and we are very aggressively working towards the resolution of the balance assets also, so that Page 2 of 15 Housing and Urban Development Corporation Limited. November 06, 2026 we can use that capital. Our gross NPA has declined to around 0.7%, and net NPA is just above zero, that is 0.04%, and we are committed to become zero Net NPA company very shortly. We had also worked towards cutting down of cost of funds by taking the various measures and various steps, not only towards the policy, but also we are taking benefit of this RBI swap window. Our blended cost has been very stable irrespective of the turbulent markets, which is now at around 7.07%, which reflects our continued focus on resource optimization despite a rising interest rates regime and elevated corporate bond yields. These achievements reflect HUDCO's strong fundamentals, prudent risk management, and consistent execution of growth strategy. You may all be aware that there are a lot of geopolitical issues which are there in the international domain, and because of these uncertainties, there are a lot of uncertainty in the money market, be it the rising of the dollar or the crude, or tightening of the monetary policy, including the raising of the repo rates by the RBI. All these winds are coming for us, and we are targeting that how to resolve that our continual growth will become at the optimum level, and we will continue to find our growth space as we were doing presently. We are very consciously pursuing to diversify our funding strategies, leveraging multiple resources. It may be domestic, it may be international, optimizing our cost of funds. At the same time, we are also addressing that there should not be any risk perceived while taking the international loans, and that's why we are taking full advantage of RBI swap window. Our resource monetization strategy is closely aligned with our asset management, so we are fully aware that we need to balance our asset management as well. By continuously optimizing our borrowing mix and the funding cost, we aim to strengthen our competitive edge in lending operations, protect margins, and ensure sustainable growth. Our endeavour is to translate resource mobilization efficiencies into the competitive lending rate, thereby creating long-term value for our stakeholders. If you see the infrastructure story of the Government of India and our country, India, there are a lot of emphasis is there on the urban ecosystem and how to create a very viable, bankable, and sustainable urban infrastructure. It is not only about the trunk infrastructure on which the Government of India is extending lot of missions and a lot of programs, starting from the PMAY, that is ensuring the housing for all across the country. PMAY 1 was very successful, and now the PMAY 2.0 is also launched. Along with the housing, you are also aware that there are a lot of missions towards water, that is AMRUT 1, AMRUT 2. The Smart Cities Missions were there. Swachh Bharat Mission is also there. Alongside, government is pushing the mobility also, be it metro, rapid rail, or Vande Bharat, or air networks through UDAN programs, or industrialization through various programs, be it the food parks. A lot of things we are transforming, and everything, if you see, is enforcing the view regarding creation of the urban agglome [Showing first 8,000 characters — download PDF for full document]