HCC Q2 Results | Net profit falls 25% on revenue drop; order backlog reaches ₹13,152 crore

Hindustan Construction Company Ltd (HCC) reported a 25.2% year-on-year decline in net profit to ₹47.78 crore for the quarter ended September 2025, compared with ₹63.93 crore in the same period last year. Revenue from operations fell 31.7% year-on-year to ₹960.7 crore from ₹1,406.9 crore.

Earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 39% to ₹147.87 crore in the quarter, against ₹242.09 crore a year ago. The company’s EBITDA margin stood at 15.39%, compared with 17.21% in the corresponding quarter of the previous year.

The company reported a diversified and robust order book, with a total backlog of ₹13,152 crore. For Q2 FY26, the company’s standalone turnover stood at ₹957.8 crore, down from ₹1,203 crore in the same quarter last year.

Also Read: HCC bags ₹204 crore Hindalco contract for infra project in Odisha

During the quarter, HCC secured three new orders, including two packages for the Patna Metro and an aluminium smelter expansion project from Hindalco, totalling ₹2,770 crore.

The company was the lowest bidder for a project worth ₹840 crore. Additionally, bids submitted and currently under evaluation amounted to ₹29,581 crore, comprising ₹19,888 crore in Hydro, ₹2,940 crore in Transport, and ₹6,753 crore in Water projects. The overall bid pipeline stands at approximately ₹57,000 crore, reflecting strong business momentum.

HCC has made significant progress in deleveraging, with prepayments of ₹339 crore in FY26 and an additional ₹450 crore expected in Q3, driving substantial debt reduction.

Also Read: HCC inks MoU with Konkan Railway Corp for large-scale projects across India and overseas

Total debt as of 31 October 2025 stood at ₹3,050 crore, with awards available worth ₹1,800 crore. The company also reduced its corporate guarantee on the debt of Prolific Resolution Pvt. Ltd. from 100% to 20%, with formal approval from 97.4% of lenders and final formalities underway. The company’s ₹1,000–1,100 crore rights issue capital raising is on track for completion in Q3.

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