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Housing and Urban Development Corporation Ltd (Hudco) reported on Monday a significant increase in net profit by 35 percent, reaching 851 crore rupees for the first quarter ending in June 2026.

First Quarter Financial Results

According to the company, which is a leading public sector techno-financing enterprise in housing and infrastructure construction, total revenue for the reporting period amounted to 3,737 crore rupees. This figure exceeds the 2,945 crore rupees recorded in the same period last year.

During the quarter, the company earned interest income of 3,710 crore rupees, compared to 2,925 crore rupees in the quarter from April to June of the previous fiscal year. However, expenses also increased, reaching 2,561 crore rupees versus 1,976 crore rupees a year earlier.

Dividends and Reserves

Hudco announced the payment of the first interim dividend of 1.25 rupees per share. This amount constitutes 12.50 percent of the face value of the 10 rupee share and is intended for the 2026-27 fiscal year.

Furthermore, the company reported creating loan reserves (impairment) of 621 crore rupees using the Expected Credit Loss (ECL) method as of June 30, 2026. This is a decrease compared to the 1,702.89 crore rupees accounted for on June 30, 2025.

Fundraising

During the reporting period, Hudco raised funds amounting to 2,140 crore rupees through the issuance of unsecured debt securities, which were placed based on private placement.

The federal government has implemented a new financing line aimed at facilitating the acquisition of motorcycles and bicycles by professionals working as application delivery drivers and motorcycle taxi drivers. This proposal allows for the financing of the full cost of the vehicle with interest rates lower than those currently practiced in the market.

Details of the Move Brazil Program

The program, named Move Brazil Delivery Drivers and Motoapp, is administered by Caixa Econômica Federal. It covers both new models and electric vehicles, provided they meet the stipulated requirements. The initiative aims to support workers whose professional activity depends on the use of two wheels.

Government Support and Expectations

The operation has financial support from the government, provided through the Social Infrastructure Investment Fund (FIIS), and has a guarantee assured by the Operations Guarantee Fund (FGO). The established goal is to finance a total of 100 thousand motorcycles, scooters, or mopeds. Furthermore, the project encourages companies to expand their infrastructure for recharging or replacing electric vehicle batteries.

Requirements for Benefit Application

For delivery drivers and ride-share drivers to apply for the benefit, it is necessary to prove a minimum registration of six months on the respective platform and to have completed at least 100 rides or deliveries. Workers hired under the CLT regime, such as motorcycle couriers, cyclists, and motorcycle taxi drivers, must present formal registration with the same company for a minimum period of six months.

Technical Criteria for Vehicles

Eligible vehicles must meet rigorous specifications: flex motorcycles with a capacity of up to 160 cubic centimeters or electric models with a maximum power of 7,500 watts; electric bicycles limited to 1,000 watts of power; all vehicles must be brand new; and the models must be manufactured in Brazil or have a national production design.

Model Options and Prices

Among the flex options, well-known models from Honda and Yamaha are available, with prices ranging between R$ 16,840 and R$ 23,390. The list includes the Honda Biz 125 EX (R$ 16,840), Honda CG 160 Cargo (R$ 18,390), Yamaha Factor (R$ 18,490), Honda CG 160 Fan (R$ 20,590), and Yamaha Crosser 150 Z ABS (R$ 22,990).

In the electric category, the program includes models such as Shineray SE1 and SE2, both costing R$ 12,490, as well as Watts W125, Shineray SHE-S, and Yamaha Neos. Although there is no official price ceiling, the power and national origin standards restrict the available choices.

Financing Conditions and Terms

A major advantage of the benefit is the possibility of financing 100% of the vehicle's value, without the need for an initial payment. Interest rates are set at 12.5% per year for men and 11.5% per year for women. These rates are significantly lower than the market average, which reached 26.6% per year in April 2026, according to the National Association of Automotive Financial Companies (ANEF).

The maximum term granted to individuals is 48 months, with a grace period of two months. Companies that decide to invest in charging or battery replacement points can also obtain financing for this structure and batteries, in addition to associated working capital, limited to 30% of the investments.

Application Process

The application process must be carried out through the gov.br portal. Physical document submission is not required, as user data, including the National Driver's License (CNH), is accessed via the gov.br account. The response to the request is issued within five business days. After approval, the worker must contact a dealership or banking institution to finalize the credit analysis. The program does not impose name restrictions, but financial institutions have the autonomy to evaluate pending issues before contracting.