Q2 FY26 profit falls as margins and operating cash flow weaken

Qualified OpinionEmphasis Of MatterRevenue DeclineEbitda Margin CompressionNegative Operating CashflowResults View source PDF Explain this filing

HCC · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹26.90

prior close

₹26.23

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-2.6% vs market

Civil Construction peers, median of 97sector-0.1%-2.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-1.5

15m

-1.8

30m

-1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.4-2.6-0.1-2.2

Next day

-3.7+0.0-3.7-0.7-3.0

-5.6-0.2-5.4-1.2-4.4

-3.2+0.7-3.9-0.2-3.0

-5.2+0.6-5.8-1.1-4.1

-4.5+0.5-5.0-0.6-4.0

-6.5+0.3-6.8-2.3-4.1

15d

-10.9-1.5-9.4-3.5-7.4

-31.7-6.6-25.1-9.3-22.4

-28.7-3.2-25.5-8.7-19.9

-26.3-5.2-21.1-14.0-12.3

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY26 standalone revenue fell 20% to 957.8 crore and net profit to 36.7 crore from 50.2 crore. Consolidated net profit was 47.8 crore versus 63.9 crore. EBITDA margin declined to 16.1% from 17.8%. The order book rose to 13,152 crore after 2,770 crore of wins. Reviews were qualified over key assets. H1 operating cash outflow was 301.09 crore.

Likely market impact

Lower profit, thinner margins, cash outflow and qualified reviews may weigh on sentiment, despite order growth and 215 crore of debt repayment.