HCC

Q4 2025 Result Analysis

Hindustan Construction Company (HCC) reported a mixed performance in Q4FY25, with improved profitability despite a decline in revenue, while full-year results reflected a sharp drop in both topline and bottom-line performance. Q4FY25 Highlights: Consolidated revenue stood at Rs 1,373.7 crore, down 22.5% YoY from Rs 1,773.1 crore. Net profit jumped over 3.5x YoY to Rs 90.1 crore from Rs 25.9 crore, driven by margin improvement and operational efficiency. Standalone turnover declined to Rs 1,330.2 crore from Rs 1,428.4 crore. EBITDA margin surged to 31% from 15% in Q4FY24, reflecting better cost control or high-margin execution. FY25 Highlights: Consolidated turnover declined 14.6% YoY to Rs 4,801.1 crore from Rs 5,603.4 crore. Net profit dropped to Rs 84.9 crore from Rs 178.6 crore in FY24, due to revenue contraction and potential one-offs. EBITDA margin improved to 19.4% in FY25 vs 13.6% in FY24, indicating a structural improvement in profitability. Order book stood at a healthy Rs 11,852 crore as of March 31, 2025, providing medium-term visibility. Management Commentary: Vice Chairman Arjun Dhawan highlighted key project milestones across sectors including atomic energy, transportation, and urban infrastructure—demonstrating HCC's technical expertise and execution capabilities. The company continues to focus on safety, sustainability, and nation-building.