Hindustan Construction Company Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HCC · price
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HCC reported standalone net profit of Rs 205.8 crore in FY26, up 142% from Rs 84.9 crore in FY25, despite a revenue decline from Rs 4,801 crore to Rs 3,937 crore. The company significantly reduced its debt by 38% YoY, from Rs 3,197 crore to Rs 1,995 crore, supported by a Rs 1,000 crore rights issue. EBITDA margin compressed to 16.1% from 19.4% YoY. Statutory auditors issued a qualified opinion due to two unresolved issues: valuation of Rs 1,152.77 crore investment in subsidiary HICL (net worth substantially eroded) and Rs 173.91 crore deferred tax assets where future profit projections could not be verified. The order book stood at Rs 12,971 crore as of March 31, 2026.
The strong 142% PAT growth and substantial deleveraging are positives for shareholders, though the auditors' qualified opinion on subsidiary valuation and deferred tax assets creates uncertainty around potential write-downs. The revenue decline and margin compression warrant monitoring.