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Hindustan Construction Company (HCC) reported a 63.37% decline in consolidated net profit to INR 90.08 crore for the quarter ending in March 2025, a significant drop from INR 245.23 crore in the corresponding quarter of the previous year. The company's total income during the reviewed period fell to INR 1,392.20 crore from INR 1,813.05 crore, while expenses reduced to INR 1,077.91 crore from INR 2,073.33 crore. For the entire financial year 2024-25, HCC registered a consolidated net profit of INR 112.63 crore, considerably lower than INR 478.16 crore in FY24. The company secured three contracts worth INR 5,692.6 crore in partnership with joint venture partners and emerged as the lowest bidder for projects valued at INR 3,513 crore. Additionally, it has submitted bids worth INR 30,950 crore, currently under evaluation.
For the quarter ending in March 2025, Hindustan Construction Company's (HCC) consolidated net profit dropped by a substantial 63.37% to INR 90.08 crore. The company had recorded a profit of INR 245.23 crore during the same period last year, as stated in its recent BSE filing. Advertisement
The company's total income also decreased, standing at INR 1,392.20 crore for the reviewed quarter compared to INR 1,813.05 crore in the previous year's corresponding period. Meanwhile, expenses were curtailed to INR 1,077.91 crore from INR 2,073.33 crore a year earlier.
For the entire financial year 2024-25, HCC reported a consolidated net profit of INR 112.63 crore, a substantial reduction from the INR 478.16 crore registered in FY24.
Despite the profit decline, HCC managed to secure three contracts worth INR 5,692.6 crore, with its share valued at INR 3,472 crore. Furthermore, the company stated that it is the lowest bidder in projects worth INR 3,513 crore, where contracts have yet to be formalised. Additionally, the firm has submitted bids amounting to INR 30,950 crore, currently under evaluation.
HCC also highlighted its fundraising activities, having completed a rights issue of INR 350 crore in April 2024 and a qualified institutional placement (QIP) of INR 600 crore in December 2024. The company emphasised that it is actively pursuing its deleveraging strategy by continuing to prepay debt, a move that has been acknowledged through its investment-grade ratings.
The company's focus on strategic bidding, rights issues, and qualified institutional placements underscores its emphasis on financial restructuring and growth in the infrastructure sector. As it contends with declining income and increased competition, HCC's continued efforts to secure high-value contracts and reduce debt will be crucial in stabilising its financial standing in the coming quarters.
Source - PTI
5th Jun, 2025
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