Hindustan Construction Company Limited — Quarter ended March 31, 2026 (and year ended March 31, 2026)
| BSE Limited | National Stock Exchange of India Ltd. |
|---|---|
| The Corporate Relationship Dept, | Exchange Plaza, |
| Phiroze Jeejeebhoy Towers, | Bandra-Kurla Complex, |
| Dalal Street, | Bandra (East), |
| Mumbai-400 001 | Mumbai-400 051 |
| Scrip Code : 500185, 974246, 974247 974249 & 974250 | Symbol : HCC |
| Sr. No. | Particulars | Quarter ended March 31, 2026 (Refer Note 11) | December 31, 2025 (Unaudited) | March 31, 2025 (Refer Note 11) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| (a) Revenue from operations | 988.71 | 921.76 | 1,330.24 | 3,937.25 | 4,801.05 | |
| (b) Other income | 28.07 | 32.87 | 28.10 | 99.35 | 98.03 | |
| Total income (a+b) | 1,016.78 | 954.63 | 1,358.34 | 4,036.60 | 4,899.08 | |
| 2 | Expenses | |||||
| (a) Cost of materials consumed | 151.29 | 127.07 | 130.15 | 526.51 | 564.22 | |
| (b) Subcontracting expenses | 445.51 | 447.14 | 546.99 | 1,973.33 | 2,520.62 | |
| (c) Employee benefits expense | 86.09 | 79.68 | 73.62 | 331.42 | 316.72 | |
| (d) Finance costs | 94.96 | 114.58 | 108.54 | 436.30 | 506.36 | |
| (e) Depreciation and amortisation expense | 5.55 | 4.65 | 15.48 | 25.20 | 64.65 | |
| (f) Other expenses | 125.56 | 128.10 | 166.67 | 472.75 | 466.51 | |
| Total expenses (a+b+c+d+e+f) | 908.96 | 901.22 | 1,041.45 | 3,765.51 | 4,439.08 | |
| 3 | Profit before exceptional items and tax (1-2) | 107.82 | 53.41 | 316.89 | 271.09 | 460.00 |
| 4 | Exceptional item – Gain/(loss) (Refer note 9) | (35.63) | 37.81 | – | 2.18 | – |
| 5 | Profit/(loss) before tax (3+4) | 72.19 | 91.22 | 316.89 | 273.27 | 460.00 |
| 6 | Tax expense/(credit) | |||||
| (a) Current tax | 3.11 | 4.28 | 5.45 | 26.45 | (45.78) | |
| (b) Deferred tax | 24.45 | 1.02 | 83.06 | 41.01 | 420.86 | |
| Total tax expense/(credit) (a+b) | 27.56 | 5.30 | 88.51 | 67.46 | 375.08 | |
| 7 | Net profit/(loss) for the period/year (5-6) | 44.63 | 85.92 | 228.38 | 205.81 | 84.92 |
| 8 | Other comprehensive income/(loss)** | |||||
| Items that will not be reclassified to statement of profit or loss | ||||||
| – Gain/(loss) on remeasurement of defined benefit plans | 2.24 | (1.37) | 1.12 | 0.05 | (1.64) | |
| – Gain/(loss) on fair value of equity instruments | (6.47) | (7.75) | (11.17) | (12.69) | (6.85) | |
| Income tax (expense)/credit relating to items that will not be reclassified to profit or loss | 0.37 | 1.44 | 1.32 | 1.80 | 1.39 | |
| Other comprehensive income/(loss) for the period/year, net of tax | (3.86) | (7.68) | (8.73) | (10.84) | (7.10) | |
| 9 | Total comprehensive income/(loss) for the period/year (7+8) | 40.77 | 78.24 | 219.65 | 194.97 | 77.82 |
| 10 | Paid up equity share capital (Face value of ₹ 1 each) | 261.95 | 261.95 | 181.94 | 261.95 | 181.94 |
| 11 | Other equity | 2,824.73 | 1,734.10 | |||
| 12 | Earnings/(loss) per equity share of face value of ₹ 1 each (Not annualised) | |||||
| (a) Basic (in ₹) | 0.20 | 0.41 | 1.18 | 0.93 | 0.44 | |
| (b) Diluted (in ₹) | 0.20 | 0.41 | 1.18 | 0.93 | 0.44 |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 181.92 | 156.08 |
| Capital work-in-progress | 19.33 | 6.63 |
| Financial assets | ||
| Investments in subsidiaries and joint venture | 1,355.63 | 1,453.80 |
| Other investments | 18.37 | 31.07 |
| Trade receivables | 1,178.39 | 646.52 |
| Loans | 677.03 | 256.27 |
| Other financial assets | 22.16 | 17.24 |
| Deferred tax assets (net) (Refer note 8) | 173.91 | 204.90 |
| Non-current tax assets (net) | 56.67 | 66.70 |
| Other non-current assets | 52.46 | 53.23 |
| Total non-current assets | 3,735.87 | 2,892.44 |
| Current assets | ||
| Inventories | 128.47 | 123.62 |
| Financial assets | ||
| Investments in subsidiaries and joint venture | 55.83 | 134.85 |
| Trade receivables | 2,249.64 | 2,365.71 |
| Cash and cash equivalents | 306.03 | 545.47 |
| Bank balances other than cash and cash equivalents | 51.64 | 111.35 |
| Other financial assets | 286.26 | 282.74 |
| Unbilled work-in-progress (contract assets) | 1,939.35 | 2,144.85 |
| Other current assets | 140.36 | 216.84 |
| Total current assets | 5,157.58 | 5,925.43 |
| TOTAL ASSETS | 8,893.45 | 8,817.87 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 261.95 | 181.94 |
| Other equity | 2,824.73 | 1,734.10 |
| Total equity | 3,086.68 | 1,916.04 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Borrowings | 648.31 | 1,044.75 |
| Other financial liabilities | 899.45 | 1,265.53 |
| Provisions | 51.36 | 41.50 |
| Total non-current liabilities | 1,599.12 | 2,351.78 |
| Current liabilities | ||
| Financial liabilities | ||
| Borrowings | 179.90 | 460.99 |
| Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 111.54 | 125.67 |
| – Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,905.86 | 1,935.74 |
| Other financial liabilities | 877.04 | 1,013.29 |
| Other current liabilities | 1,100.81 | 996.23 |
| Provisions | 32.50 | 18.13 |
| Total current liabilities | 4,207.65 | 4,550.05 |
| TOTAL EQUITY AND LIABILITIES | 8,893.45 | 8,817.87 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit before tax | 273.27 | 460.00 |
| Adjustments for: | ||
| – Depreciation and amortisation expense | 25.20 | 64.65 |
| – Finance costs | 436.30 | 506.36 |
| – Interest income | (57.32) | (53.07) |
| – Gain on reversal of corporate guarantee liability (Refer note 9 (c)) | (49.09) | – |
| – Impact of changes in labour law (Refer note 9 (b)) | 11.28 | – |
| – Impairment of financial asset (net) (Refer note 9 (a)) | 35.63 | – |
| – Financial guarantee income | (16.67) | (19.89) |
| – Employee stock option expenses | – | 0.08 |
| – Unrealised exchange (gain)/loss on foreign currency translation (net) | (7.31) | (3.99) |
| – Profit on disposal of property, plant and equipment (net) | (16.66) | (3.59) |
| – Profit on sale of non current investment | – | (5.62) |
| – Loss allowance on financial assets | 5.34 | 4.54 |
| – Provision no longer required written back | (10.77) | (7.74) |
| Operating profit before working capital changes | 355.93 | 481.73 |
| 629.20 | 941.73 | |
| Adjustments for changes in working capital: | ||
| – (Increase)/decrease in inventories | (4.85) | 2.77 |
| – (Increase)/decrease in trade receivables | (409.36) | (509.05) |
| – (Increase)/decrease in financial assets, other assets and unbilled work-in-progress | 350.32 | (177.30) |
| – Increase/(decrease) in trade payables, other financial liabilities, other liabilities and provisions | 147.71 | (178.79) |
| Cash (used in)/ generated from operations | 713.02 | 79.36 |
| Direct taxes paid (net of refund) | (12.32) | (4.85) |
| Net cash (used in)/ generated from operating activities (A) | 700.70 | 74.51 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment | (77.88) | (16.65) |
| Proceeds from sale of property, plant and equipment | 14.03 | 21.78 |
| Proceeds from repayment of inter-corporate deposits (deemed investment) | 141.56 | 0.12 |
| Proceeds from sale of non current investment | – | 11.00 |
| Inter corporate deposit given | (400.00) | – |
| Net proceeds/(investments in) from bank deposits | 60.00 | (72.22) |
| Interest received | 21.42 | 7.33 |
| Net cash (used in)/ generated from investing activities (B) | (240.87) | (48.64) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Repayment of long-term borrowings | (687.58) | (226.05) |
| Repayment of short-term borrowings (net) | – | (6.18) |
| Proceeds from issue of equity shares, net of expenses | 967.45 | 905.90 |
| Finance costs paid | (978.95) | (387.44) |
| Net cash (used in)/generated from financing activities (C) | (699.08) | 286.23 |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (239.25) | 312.10 |
| Cash and cash equivalents at the beginning of the year | 545.47 | 233.92 |
| Unrealised foreign exchange gain/(loss) (net) | (0.19) | (0.55) |
| Cash and cash equivalents at the end of the year | 306.03 | 545.47 |
| Particulars | Unit of measurement | Quarter ended: March 31, 2026 | Quarter ended: December 31, 2025 | Quarter ended: March 31, 2025 | Year ended: March 31, 2026 | Year ended: March 31, 2025 |
|---|---|---|---|---|---|---|
| Debt Equity ratio: Total Debt/(Equity Share Capital + Other equity less capital reserve) | Times | 0.27 | 0.41 | 0.79 | 0.27 | 0.79 |
| Debt Service Coverage ratio: (Earnings before interest^, depreciation and amortisation, exceptional items and tax expense)/(Interest^ on debt for the period/year + Principal repayment of borrowings and lease liabilities within one year) – Annualised | Times | 1.63 | 0.96 | 2.03 | 1.24 | 1.08 |
| Interest Service Coverage ratio: [(Earnings before interest^, depreciation and amortisation, exceptional items and tax expense)/Interest^ on debt for the period/year] – Annualised | Times | 2.81 | 1.70 | 4.45 | 1.95 | 2.39 |
| Outstanding redeemable preference shares | ₹ in crore | – | – | – | – | – |
| Debenture redemption reserve | ₹ in crore | – | – | – | – | – |
| Net Worth (Equity Share Capital + other equity less capital reserves) | ₹ in crore | 3,071.49 | 3,030.14 | 1,900.85 | 3,071.49 | 1,900.85 |
| Net Profit/(loss) after tax | ₹ in crore | 44.63 | 85.92 | 228.38 | 205.81 | 84.92 |
| Basic earnings/(loss) per share (Not annualised) | ₹ | 0.20 | 0.41 | 1.18 | 0.93 | 0.44 |
| Diluted earnings/(loss) per share (Not annualised) | ₹ | 0.20 | 0.41 | 1.18 | 0.93 | 0.44 |
| Current Ratio (Current assets / Current liabilities) | Times | 1.23 | 1.31 | 1.30 | 1.23 | 1.30 |
| Long-term debt to working capital (Non-current borrowings + Current maturities of long-term debt) / Net working capital | Times | 0.85 | 0.90 | 1.08 | 0.85 | 1.08 |
| Bad debts to accounts receivable ratio (Bad debts / Average trade receivables) | % | – | – | – | – | – |
| Current liability ratio (Current liabilities / Total liabilities) | Times | 0.72 | 0.65 | 0.66 | 0.72 | 0.66 |
| Total debts to total assets ratio [(Non-current borrow |