HCC NSE filing

HCC Q3 FY26: Net Profit ₹85.9 Cr, Turnover ₹921.8 Cr; Order Book ₹13,148 Cr

The RealCase readMedium impact Positive

HCC reported Q3 FY26 standalone net profit of ₹85.9 crore on a turnover of ₹921.8 crore. Order book stands at ₹13,148 crore. The company secured new orders worth ₹1,478 crore and is the lowest bidder for projects worth ₹2,675 crore. HCC also completed a ₹1,000 crore Rights Issue.

Why it matters

The results show a turnaround in profitability compared to the previous year, and the robust order book suggests future revenue potential. However, consolidated revenue has decreased year-on-year, and there are ongoing auditor qualifications regarding asset recoverability and deferred tax assets.

The market read

The company reported a net profit in Q3 FY26, a significant improvement from the net loss in the previous year's comparable quarter. The order book remains strong, and new order wins indicate positive business momentum.

Hindustan Construction Company Limited (HCC) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results in a meeting held on February 12, 2026.

For the third quarter of FY26, HCC E&C reported a standalone turnover of ₹921.8 crore and a net profit of ₹85.9 crore. This compares to a turnover of ₹1,002.1 crore and a net loss of ₹216.4 crore in the same quarter of the previous fiscal year. The company's order book stood at ₹13,148 crore as of December 31, 2025.

On a consolidated basis, HCC reported revenue of ₹925.3 crore in Q3 FY26, a decrease from ₹1,006.8 crore in Q3 FY25. The consolidated profit for Q3 FY26 was ₹8.07 crore, compared to a loss of ₹38.9 crore in Q3 FY25. The company attributed the non-comparability of figures to the divestment of Steiner AG in the last fiscal year.

HCC secured two new orders aggregating ₹1,478 crore in joint ventures with Northern Frontier Railways, where HCC holds a 65% stake. The company is also the lowest bidder for projects worth ₹2,675 crore (HCC's share: ₹1,517 crore). The bid pipeline remains robust at approximately ₹53,820 crore.

The company significantly reduced its corporate guarantee exposure to PRPL by ₹3,364 crore, with the obligation now limited to ₹571 crore. HCC also strengthened its balance sheet through a ₹1,000 crore Rights Issue, which was subscribed 200%.

Progress was noted across several infrastructure projects, including the inauguration of works for the Patna Metro Rail Project (Packages 05 & 06) by the Hon'ble Chief Minister of Bihar, Shri Nitish Kumar. Piling works are underway at the Indore Metro Rail Project, and significant progress has been made at the Vishnugad-Pipalkoti HEP.

Filing to action

What to do with a filing like this

Hindustan Construction Company Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Hindustan Construction Company Limited. Read the original for the full detail.

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