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Quarterly Results Hit by Lower Revenue
Hindustan Construction Company (HCC) faced a challenging fourth quarter in FY26, with consolidated net profit dropping 35% to ₹58.9 crore from ₹90.1 crore a year prior. Revenue also declined, falling to ₹992.2 crore from ₹1,373.7 crore. The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a substantial 60.2% decrease, hitting ₹170.8 crore compared to ₹429.5 crore. This led to a significant compression in the EBITDA margin, which fell to 17.2% from 31.3% in the same period last year.
Full-Year Performance Shows Strong Recovery, Debt Cut
Despite the weak quarterly results, HCC reported a strong rebound over the full fiscal year. Standalone net profit surged an impressive 142% year-on-year, reaching ₹205.8 crore compared to ₹84.9 crore in FY25. Consolidated net profit for the fiscal year also grew to ₹165.5 crore, up from ₹112.6 crore. While full-year standalone turnover decreased to ₹3,937.3 crore from ₹4,801.1 crore, a major financial highlight was the significant reduction in debt. The company lowered its total debt from approximately ₹3,197 crore to ₹1,995 crore over the fiscal year.
Strong Order Pipeline and Project Progress
Looking ahead, HCC maintains a robust order book valued at ₹12,971 crore as of March 31, 2026. The company secured new orders worth ₹4,554 crore during FY26. Further strengthening its future pipeline, HCC added a ₹1,100 crore order and secured an ₹840 crore L1 (lowest bid) position in April 2026. The company also has bids worth ₹25,760 crore under evaluation and plans to submit bids totaling ₹43,800 crore in the first half of FY27. HCC also noted progress on major projects, including Mumbai Metro Line 3 and the Anji Khad Railway Bridge, and the full operationalization of the Tehri Pump Storage project.