Friday, November 7: Shares of Hindustan Construction Company Ltd (HCC) fell 3.8% to Rs 25.83 in early trade after the company reported a weak financial performance for the September 2025 quarter (Q2 FY26), marked by sharp declines in revenue and profitability.
The company’s net profit dropped 25.2% year-on-year to Rs 47.78 crore, compared to Rs 63.93 crore in the same period last year. Revenue from operations also fell 31.7% to Rs 960.7 crore from Rs 1,406.9 crore a year ago.
Operating performance weakened, with EBITDA declining 39% to Rs 147.87 crore, against Rs 242.09 crore last year. The EBITDA margin contracted to 15.39%, compared with 17.21% in the corresponding quarter.
Despite the quarterly dip, HCC reported a strong order book of Rs 13,152 crore, with new project wins including two packages for Patna Metro and an aluminium smelter expansion for Hindalco, totalling Rs 2,770 crore. The company also remained the lowest bidder for an Rs 840 crore project, while its bid pipeline stood at around Rs 57,000 crore across hydro, transport, and water segments.
The company highlighted progress in deleveraging, with prepayments of Rs 339 crore already made in FY26, and an additional Rs 450 crore expected in Q3. Total debt as of October 31, 2025, stood at Rs 3,050 crore. Its Rs 1,000–1,100 crore rights issue is on track for completion in Q3 FY26.
At 9:28 a.m. IST, HCC shares were trading at Rs 25.83, down Rs 1.01 from the previous close of Rs 26.84 on the National Stock Exchange (NSE).
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