Integrated Filing — IndAS

General information about company
Scrip Code	500185
NSE Symbol	HCC
MSEI Symbol	NOTLISTED
ISIN	INE549A01026
Name of company	HINDUSTAN CONSTRUCTION COMPANY LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	08-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	30-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Engineering and Construction
Start date and time of board meeting	08-May-2025   14:00:00
End date and time of board meeting	08-May-2025   17:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	No
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?	Yes
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-05-08
Indicate Company website link for updated RPT policy of the Company	https://hccindia.com/uploads/Investors/Policy%20for%20Related%20Party%20Transactions.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	13302400000	48010500000
	Other income	281000000	980300000
	Total income	13583400000	48990800000
2	Expenses
(a)	Cost of materials consumed	1301500000	5642200000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	736200000	3167200000
(e)	Finance costs	1085400000	5063600000
(f)	Depreciation, depletion and amortisation expense	154800000	646500000
(f)	Other Expenses
1	Subcontracting expenses	5469900000	25206200000
2	Other expenses	1666700000	4665100000
	Total other expenses	7136600000	29871300000
	Total expenses	10414500000	44390800000
3	Total profit before exceptional items and tax	3168900000	4600000000
4	Exceptional items	0	0
5	Total profit before tax	3168900000	4600000000
6	Tax expense
7	Current tax	54500000	-457800000
8	Deferred tax	830600000	4208600000
9	Total tax expenses	885100000	3750800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	2283800000	849200000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	2283800000	849200000
17	Other comprehensive income net of taxes	-87300000	-71000000
18	Total Comprehensive Income for the period	2196500000	778200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1819400000	1819400000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		17341000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.26	0.49
	Diluted earnings (loss) per share from continuing operations	1.26	0.49
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.26	0.49
	Diluted earnings (loss) per share from continuing and discontinued operations	1.26	0.49
24	Debt equity ratio	0.0079	0.0079
25	Debt service coverage ratio	0.0203	0.0108
26	Interest service coverage ratio	0.0445	0.024
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	1560800000
	Capital work-in-progress	66300000
	Investment property	0
	Goodwill	0
	Other intangible assets	0
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	14848700000
	Trade receivables, non-current	6465200000
	Loans, non-current	2562700000
	Other non-current financial assets	62600000
	Total non-current financial assets	23939200000
	Deferred tax assets (net)	2049000000
	Other non-current assets	1199300000
	Total non-current assets	28814600000
2	Current assets
	Inventories	1236200000
	Current financial asset
	Current investments	1348500000
	Trade receivables, current	23657100000
	Cash and cash equivalents	5454700000
	Bank balance other than cash and cash equivalents	1223300000
	Loans, current	0
	Other current financial assets	2082400000
	Total current financial assets	33766000000
	Current tax assets (net)	0
	Other current assets	23616900000
	Total current assets	58619100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	87433700000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1819400000
	Other equity	17341000000
	Total equity attributable to owners of parent	19160400000
	Non controlling interest
	Total equity	19160400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	10447500000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	12655300000
	Total non-current financial liabilities	23102800000
	Provisions, non-current	415000000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	23517800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	4609900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1256700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	19357400000
	Total Trade payable	20614100000
	Other current financial liabilities	9387900000
	Total current financial liabilities	34611900000
	Other current liabilities	9962300000
	Provisions, current	181300000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	44755500000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	68273300000
	Total equity and liabilites	87433700000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Gain/(loss) on remeasurement of defined benefit plans	11200000	-16400000
2	Gain/(loss) on fair value of equity instruments	-111700000	-68500000
	Total Amount of items that will not be reclassified to profit and loss	-100500000	-84900000
2	Income tax relating to items that will not be reclassified to profit or loss	-13200000	-13900000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-87300000	-71000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			4600000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			5063600000
	Adjustments for decrease (increase) in inventories			27700000
	Adjustments for decrease (increase) in trade receivables, current			-30167700000
	Adjustments for decrease (increase) in trade receivables, non-current			25077200000
	Adjustments for decrease (increase) in other current assets			-1220300000
	Adjustments for decrease (increase) in other non-current assets			38200000
	Adjustments for other financial assets, non-current			-7500000
	Adjustments for other financial assets, current			161600000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			2651400000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-2566500000
	Adjustments for increase (decrease) in other non-current liabilities			-133500000
	Adjustments for depreciation and amortisation expense			646500000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-2552500000
	Adjustments for provisions, non-current			68200000
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			800000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-92100000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-270800000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-3275700000
	Net cash flows from (used in) operations			1324300000
	Dividends received			0
	Interest paid			0
	Interest received			-530700000
	Income taxes paid (refund)			48500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			745100000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			110000000
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			217800000
	Purchase of property, plant and equipment			166500000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			73300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-721000000
	Net cash flows from (used in) investing activities	-486400000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			9059000000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			2322300000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			3874400000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			2862300000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			3121000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-5500000
	Net increase (decrease) in cash and cash equivalents			3115500000
	Cash and cash equivalents cash flow statement at beginning of period			2339200000
	Cash and cash equivalents cash flow statement at end of period			5454700000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Since how long continuing	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Qualified opinion	Since how long continuing	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)

Text Block
Textual Information(1)	Note 8 to the accompanying Statement, the Companys investments in subsidiaries as at 31st March 2025 includes investment in HCC Infrastructure Company Limited (HICL), its wholly owned subsidiary, amounting to Rs. 1294.33 crore, stated at cost. The subsidiarys consolidated net-worth as at 31 March 2025 is substantially eroded but, the said investment is considered fully recoverable by the management on the basis of factors stated in the aforesaid note including a valuation report obtained from an independent valuer. nHowever, in the absence of sufficient appropriate audit evidence to support the significant judgements and estimates applied by the management in the aforementioned valuation report, we are unable to comment upon the adjustments, if any, that are required to the carrying value of the aforesaid investment and consequential impact, if any, on the accompanying Statement.
Textual Information(2)	Not applicable as the impact is unquantified
Textual Information(3)	Not ascertainable
Textual Information(4)	(a) (i) As at 31st March 2025, the Company has investment (including deemed investments) in its wholly owned subsidiary, HCC Infrastructure Company Limited (HICL) amounting to Rs. 1,294.33 crore (31st March 2024: Rs. 1,294.45 crore). While the consolidated net worth of HICL as at 31st March 2025 has been substantially eroded, the management has assessed the fair value of HICL based on a valuation report from an independent valuation expert at year ended 31st March 2025. The valuation includes significant judgements and estimates in respect of future business plans, outcome of litigations for favourable arbitration awards and expected share of future revenues of erstwhile subsidiaries. Accordingly, based on aforementioned valuation report, the management believes that the recoverable amount of investment in HICL is higher than it carrying value. Statutory auditors report is modified in respect of this matter.
Textual Information(5)	Included in details of auditor's qualifications stated above
Textual Information(6)	Note 9 to the accompanying Statement, the Company has recognised net deferred tax assets amounting to Rs. 204.90 crore as at 31 March 2025, which mainly includes deferred tax assets on carried forward unused tax losses and other taxable temporary differences on the basis of expected availability of future taxable profits for utilization of such deferred tax assets. However, we are unable to obtain sufficient appropriate audit evidence with respect to the projections for future taxable profits prepared by the management and therefore, are unable to comment on any adjustments that may be required to the carrying value of aforesaid net deferred tax assets as at 31st March 2025.
Textual Information(7)	Not applicable as the impact is unquantified
Textual Information(8)	Not ascertainable
Textual Information(9)	(a) (ii) As at 31st March 2025, the Company has net deferred tax assets amounting to Rs. 204.90 crore (31st March 2024: Rs. 613.09 crore), which mainly represents deferred tax assets on carried forward unused tax losses and other taxable temporary differences. The Company is confident of generating sufficient taxable profits from the unexecuted orders on hand/future projects and expected realisation of claims/arbitration awards against which such deferred tax assets can be utilised and therefore considered good and recoverable. Statutory auditors report is modified in respect of this matter.
Textual Information(10)	Included in details of auditor's qualifications stated above

Signatory Details
Name of signatory	Nitsh Kumar Jha
Designation of person	Company Secretary and Compliance Officer
Place	Mumbai
Date	08-May-2025