HCC Secures ₹2,770 Cr New Orders, Approves ₹1,000 Cr Rights Issue
Hindustan Construction Company (HCC) has secured new orders worth ₹2,770 crore, maintaining a robust order book of ₹13,152 crore. Despite a 20.4% decrease in turnover to ₹957.80 crore and a 26.9% drop in net profit to ₹36.70 crore in Q2 FY26, the company retained a 16.1% EBITDA margin. HCC made progress on various infrastructure projects, including Mumbai Metro Line 3 and Indore Metro. The company continues its deleveraging efforts, with ₹339 crore in prepayments during FY26 and plans for additional repayments. HCC also received approval for a rights issue of up to ₹1,000 crore and reduced its corporate guarantee on Prolific Resolution Pvt. Ltd.'s debt.
*this image is generated using AI for illustrative purposes only.
Hindustan Construction Company Limited (HCC) has reported a robust order book and significant business developments in its latest financial results. The company has secured new orders worth ₹2,770 crore, including projects for Patna Metro and Hindalco Smelter, while maintaining a strong order book of ₹13,152 crore.
Financial Performance
HCC reported the following standalone financial results:
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Turnover | 957.80 | 1203.00 | -20.4% |
| Net Profit | 36.70 | 50.20 | -26.9% |
| EBITDA Margin | 16.1% | 17.8% | -1.7% |
Despite a decrease in turnover and net profit compared to the same quarter last year, HCC maintained an EBITDA margin of 16.1%.
Order Book and Business Momentum
The company's order book stood at ₹13,152 crore as of September 30, 2025. HCC has also reported:
- Secured three new orders totaling ₹2,770 crore
- Lowest bidder status in a project worth ₹840 crore
- A bid pipeline of approximately ₹57,000 crore
Project Highlights
HCC made progress across multiple infrastructure projects:
- Mumbai Metro Line 3 (Package UGC 02) inaugurated by Prime Minister Narendra Modi
- Indore Metro advancing with piling works at key locations
- Tehri Pumped Storage Project completed synchronisation of Unit 7 with the Grid
- Vishnugad Pipalkoti HEP achieved 7.5 km of tunneling out of 12.1 km
Deleveraging Initiatives
The company has made progress in its deleveraging efforts:
- ₹339 crore in prepayments during FY26
- Additional ₹450 crore repayment expected in Q3
- Total debt as of October 31, 2025: ₹3,050 crore
- Available awards: ₹1,800 crore
Rights Issue and Corporate Guarantee
HCC has received approval for a rights issue of equity shares valued up to ₹1,000 crore. This rights issue will allow existing shareholders to purchase additional shares, potentially strengthening the company's capital base for business operations. The company plans to complete the rights issue in Q3.
Additionally, HCC has reduced its corporate guarantee on the debt of Prolific Resolution Pvt. Ltd. from 100% to 20%, with formal approval from 97.4% of lenders.
The company's focus on hydro, transport, and water projects, coupled with its order book and ongoing deleveraging efforts, positions HCC for potential growth in the infrastructure sector.
Historical Stock Returns for Hindustan Construction Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.78% | +7.81% | -6.35% | -24.22% | -43.11% | +297.24% |
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