Hindustan Construction Company Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
HCC · price
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HCC reported a strong turnaround in Q3 FY26 with a standalone net profit of ~₹85.9 crore versus a loss of ~₹216.4 crore in Q3 FY25. Standalone turnover came in at ~₹921.8 crore, down from ~₹1,002.1 crore last year. EBITDA margins improved to 15.2% from 14.7%, and the company posted a net profit margin of 9.32% for the quarter. Consolidated revenue was ~₹925.3 crore with a profit of ~₹8.07 crore. The order book stood at ~₹13,148 crore, and HCC recently secured orders worth ~₹1,478 crore from Northern Frontier Railways, with a bid pipeline of ~₹53,820 crore. A ~₹1,000 crore rights issue was oversubscribed (~200%), strengthening the balance sheet and reducing debt-equity to 0.41 from 0.71. HCC also reduced its corporate guarantee exposure to PRPL from 100% to 20% (~₹571 crore), booking a one-time exceptional gain of ~₹37.81 crore.
The profit turnaround, margin expansion, and successful rights issue are positive signals for shareholders, supported by a strong order book and reduced contingent guarantee exposure. However, the auditor has issued a qualified (modified) review opinion on the carrying value of its subsidiary investment (HICL, ~₹1,159 crore) and recoverability of deferred tax assets (~₹198 crore), which investors should monitor as risk factors.