Hindustan Construction Company (HCC), a leading infrastructure development company, has reported a mixed set of financial results for the second quarter of fiscal year 2026. The company saw a decline in net profit and revenue compared to the same period last year, but maintained a strong order book position.

Financial Performance

HCC's consolidated financial results for Q2 FY26 show:

The company's standalone performance for Q2 FY26 includes:

Order Book and New Projects

Despite the decline in financial metrics, HCC's order book remains robust:

• Order book stood at ₹13,152 crore as of September 30, 2025
• Secured three new orders totaling ₹2,770 crore:
  • Two packages of Patna Metro
  • Aluminium smelter expansion project from Hindalco
• Lowest bidder for a project worth ₹840 crore
• Bid pipeline of approximately ₹57,000 crore

Project Execution Highlights

HCC made significant progress across multiple infrastructure projects in Q2 FY26:

• Mumbai Metro Line 3 (Package UGC 02) inaugurated by Prime Minister Narendra Modi
• Piling works underway at key locations of Indore Metro
• Tehri Pumped Storage Project: Successful synchronization of Unit 7 with the Grid
• Bhivpuri PSP: Excavation works progressing across various sites
• Vishnugad Pipalkoti HEP: Achieved 7.5 km of tunneling out of 12.1 km
• Parwan Dam Project nearing completion

Deleveraging Initiatives

The company continued its efforts to reduce debt:

• Lender prepayments of ₹80 crore during the quarter
• Year-to-date debt repayment of ₹215 crore

Outlook

With a strong order book and a healthy bid pipeline, HCC appears well-positioned for future growth. However, the company will need to address the challenges that led to the decline in revenue and profitability in the current quarter.

Investors and analysts will likely be watching HCC's ability to convert its robust order book into revenue growth and improved profitability in the coming quarters.

Hindustan Construction Company Limited (HCC) has announced the unfortunate demise of Mr. Arun Karambelkar, an Independent Director on the company's board. Mr. Karambelkar passed away on November 2, 2025, leaving behind a legacy of significant contributions to HCC's governance and operations.

Long-standing Association

Mr. Karambelkar had been an integral part of HCC's board since 2011, serving as an Independent Director for over a decade. His tenure was marked by valuable insights and guidance that helped shape the company's strategic direction.

Impact on Board Composition

Following Mr. Karambelkar's passing, he has ceased to be an Independent Director of HCC with immediate effect. This change in the board's composition was reported by the company in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response

The Board of Directors and employees of Hindustan Construction Company have expressed their deep regret at Mr. Karambelkar's passing and conveyed their sincere condolences to his family. The company acknowledged his significant contributions during his tenure, highlighting the value he brought to HCC's governance and operational processes.

Regulatory Compliance

In line with regulatory requirements, HCC has promptly informed the stock exchanges about this development. The company submitted an intimation to both the BSE Limited and the National Stock Exchange of India Ltd on November 3, 2025, detailing the changes in their board composition due to Mr. Karambelkar's demise.

This unfortunate event marks the end of a significant chapter in HCC's corporate governance history. As the company moves forward, it will undoubtedly reflect on Mr. Karambelkar's contributions while considering future appointments to maintain the strength and diversity of its board.