Hindustan Construction Company (HCC) announced its Unaudited Financial Results for the quarter and nine months ended December 31, 2025. Standalone results showed a significant turnaround, posting a net profit of ₹85.9 crore in Q3 FY26, compared to a loss of (₹216.4) crore in Q3 FY25. Standalone turnover for the quarter stood at ₹921.8 crore. The company also reported robust order acquisition momentum.
HCC Reports Strong Financial Performance for Q3 FY26
Hindustan Construction Company Ltd. (HCC) has declared its Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ending December 31, 2025. The results, approved by the Board on February 12, 2026, highlight a positive trajectory, particularly in standalone performance.
Standalone Financial Highlights (Q3 FY26)
The company achieved a significant profit in its standalone operations:
- Standalone Turnover was ₹921.8 crore in Q3 FY26, compared to ₹1,002.1 crore in Q3 FY25.
- Net Profit for the quarter surged to ₹85.9 crore, a significant improvement from the net loss of (₹216.4) crore recorded in Q3 FY25.
- EBITDA margins remained healthy at 15.2% for the quarter, up from 14.7% year-over-year.
Consolidated figures also reflected improvement, with consolidated profit reaching ₹8.07 crore in Q3 FY26 versus a loss of (₹38.9) crore in Q3 FY25.
Order Book and Business Momentum
HCC demonstrated sustained momentum in order acquisition:
- The total order book stood at ₹13,148 crore as of December 31, 2025.
- The company secured two joint venture orders totaling ₹1,478 crore from the Northern Frontier Railways (HCC holds a 65% stake).
- The current bid pipeline is robust, estimated at approximately ₹53,820 crore.
Furthermore, HCC successfully strengthened its balance sheet by subscribing ~200% to a ₹1,000 crore Rights Issue and reducing its corporate guarantee exposure to PRPL by ₹3,364 crore.
Key Project Updates
Steady progress was noted across major infrastructure sites:
- Works for Packages 05 & 06 of the Patna Metro Rail Project were inaugurated by the Chief Minister of Bihar.
- At the Indore Metro Rail Project, piling works are ongoing at all five stations, with excavation progressing at the Airport and Rajwada stations.
- Significant dam concrete works were achieved at the Vishnugad-Pipalkoti HEP, with 8.5 km of the planned 12.1 km HRT excavated using TBM.
Auditor’s Review Findings
The Statutory Auditors provided a Limited Review Report on the standalone results. They noted several areas requiring management judgment and estimates, specifically concerning the recoverability of unbilled work-in-progress (₹154.10 crore) and the valuation of the investment in its subsidiary, HCC Infrastructure Company Limited (HICL).
The review report also expressed concerns regarding the recognition of net deferred tax assets amounting to ₹198.19 crore, given the company’s history of losses, though management remains confident in their future utilization.
Source: BSE
