Please find attached Audited Financial Results for the quarter and financial year ended March 31, 2026
HCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HCC reported standalone net profit of ₹205.8 crore in FY26, up 142% from ₹84.9 crore in FY25, driven by cost discipline and operational improvements. However, standalone revenue declined to ₹3,937.3 crore from ₹4,801.1 crore (18% decline). The company significantly reduced debt by 38% from ₹3,197 crore to ₹1,995 crore through a ₹1,000 crore rights issue, arbitration realisations, and internal accruals. EBITDA margin compressed to 16.1% in FY26 from 19.4% in FY25. The auditors issued a qualified opinion due to two unresolved matters: valuation of ₹1,152.77 crore investment in subsidiary HICL and ₹173.91 crore deferred tax assets, both carrying auditor concerns about management projections. Order book stood at ₹12,971 crore as of March 31, 2026.
Strong profitability improvement and deleveraging are positives, but revenue decline and EBITDA margin compression raise concerns about execution. The ongoing qualified auditor opinion on subsidiary valuation and deferred tax assets represents a key risk factor for investors.