5001852025-10-012025-12-315001852025-12-315001852025-04-012025-12-315001852025-10-012025-12-31in-capmkt:OtherExpenses1Member5001852025-10-012025-12-31in-capmkt:OtherExpenses2Member5001852025-04-012025-12-31in-capmkt:OtherExpenses1Member5001852025-04-012025-12-31in-capmkt:OtherExpenses2Member5001852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001852025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001852025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25001852025-12-31Statement15001852025-10-012025-12-31Statement15001852025-12-31Statement25001852025-10-012025-12-31Statement25001852025-12-31StatementDynamic1I1Statement15001852025-12-31StatementDynamic1I2Statement15001852025-12-31StatementDynamic1I3Statement15001852025-12-31StatementDynamic2I1Statement25001852025-12-31StatementDynamic2I2Statement25001852025-12-31StatementDynamic2I3Statement25001852025-12-31StatementDynamic2I4Statement2iso4217:INRxbrli:pureiso4217:INRxbrli:shares500185HCCNOTLISTEDINE549A01026HINDUSTAN CONSTRUCTION COMPANY LIMITEDMain BoardEquity2025-04-012026-03-312026-02-122026-02-03INRCroresQuarterlyThird quarterSingle segmentEngineering and Construction2026-02-1213:30:002026-02-1216:45:00Not applicabletrue2falseNot Applicable2025-10-012025-12-31UnauditedStandalone921760000032870000095463000001270700000007968000001145800000465000005752400000901220000053410000037810000091220000042800000102000005300000008592000000000859200000-76800000782400000261950000010.410.41000.410.410.00410.00960.0171) The standalone unaudited financial results (‘results’) of Hindustan Construction Company Limited and its joint operations (together referred to as the ‘Company’) for the quarter and nine months ended December 31, 2025 ('the Statement') have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard prescribed under Section 133 of the Companies Act, 2013 (‘the Act’) and other recognized accounting practices generally accepted in India. The aforesaid results are in compliance with regulation 33 and Regulation 52 read with Regulation 63 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 as amended (‘the Listing Regulations’). The material accounting policies applied in preparation of these results are consistent with those followed in the annual standalone financial statements for the year ended March 31, 2025. These results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Company at its meeting held on February 12, 2026. These results have been subjected to limited review by statutory auditor. <BR> <BR> 2) The Company’s is engaged in the business of “Engineering and Construction”. There are no other reportable segments for the Company as per requirements of Ind AS 108 'Operating Segment'. <BR> <BR> 3) The Company's business is seasonal in character and as a result, margins in the quarterly results vary, including due to the nature of its business and consequent to receipt of awards/claims or events which may lead to revision in cost to completion. Accordingly, the quarterly results may not be strictly comparable. <BR> <BR> 4) The total balance value of work on hand as at December 31, 2025 is Rs. 13,148.00 crore (March 31, 2025: Rs. 11,852.00 crore). <BR> <BR> 5) During the current quarter, the Company has issued and allotted 799,991,900 equity shares of Rs. 1 each at a price of Rs. 12.50 per equity share (including a premium of Rs. 11.50 per equity share) aggregating Rs. 999.99 crore to the eligible equity shareholders on a right basis in the ratio of 227 equity shares for every 630 equity shares held. Pursuant to the aforesaid, basic and diluted earnings per share for the year ended March 31, 2025, quarter ended September 30, 2025 and quarter and nine months ended December 31, 2024 have been retrospectively adjusted for effect of rights issue. <BR> <BR> 6) Unbilled work-in-progress (contract assets), current trade receivables and non-current trade receivables outstanding as on December 31, 2025, includes Rs. 154.10 crore, Rs. 207.89 crore and Rs. 57.52 crore, respectively (March 31, 2025: includes Rs. 308.59 crore, Rs. 214.27 crore and Rs. 57.52 crore, respectively), representing receivables from customers based on the terms and conditions implicit in the contracts and other receivables in respect of closed/substantially closed projects. These receivables are mainly in respect of the cost over-run arising due to client caused delays, deviation in design and change in scope of work, for which the Company is at various stages of negotiation/discussion with the clients or under arbitration/ litigation. Considering the contractual tenability, progress of negotiations/discussions/arbitration/litigations and as legally advised in certain contentious matters, the Company is confident that these receivables are good and fully recoverable. <BR> <BR> 7) As at December 31, 2025, the Company has an investment (including deemed investments) in its wholly owned subsidiary, HCC Infrastructure Company Limited (‘HICL’) amounting to Rs. 1,159.48 crore (March 31, 2025: Rs. 1,294.33 crore). While the consolidated net worth of HICL as at March 31, 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 March 31, 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 the aforementioned valuation report, management believes that the recoverable amount of investment in HICL is higher than its carrying value. Statutory auditors report is modified in respect of this matter. <BR> <BR> 8) As at December 31, 2025, the Company has net deferred tax assets amounting to Rs. 198.19 crore (March 31, 2025: Rs. 204.90 crore), which mainly represents deferred tax assets on carried forward unused tax losses/unabsorbed depreciation 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. <BR> <BR> 9) Exceptional items represent: <BR> <BR> a) Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’. In accordance with the requirements of Ind AS 19 ‘Employee Benefits’, these changes have resulted in an estimated increase in the past service cost of gratuity and compensated absence by Rs. 11.28 crore. Considering that the enactment of the new legislation is a non-recurring event, the Company has presented this one-time charge under ‘Exceptional Item’ for the quarter and nine months ended December 31, 2025. The Company continues to monitor the finalisation of the Central and State Rules and clarifications from the Government on the New Labour Codes and shall provide appropriate accounting effect based on such developments, as necessary. <BR> <BR> b) In prior years, pursuant to a resolution plan agreed with its lenders, the Company transferred certain debt obligations to Prolific Resolution Private Limited (‘PRPL’). PRPL, in turn, issued and allotted non-convertible debentures aggregating to Rs. 2,854.40 crore to its lenders. The Company has provided a corporate guarantee covering 100% of PRPL’s debt obligations to these lenders. During the current quarter, following receipt of requisite approvals from PRPL’s lenders, its Board of Directors, and other relevant stakeholders, the corporate guarantee was reduced from 100% of the outstanding debt to Rs. 570.88 crore, equivalent to 20% of the principal debt amount. Consequently, the Company has written back Rs. 49.09 crore from the liability earlier recognized in respect of the corporate guarantee, in accordance with the requirements of Ind AS 109 ‘Financial Instruments’ and the same has been shown as gain under “Exceptional items” for the quarter and nine months ended December 31, 2025. <BR> <BR> 10) Figures for the previous period/year have been regrouped/reclassified to conform to the current period's presentation, wherever considered necessary. The impact of such regroupings/reclassifications is not material to these standalone unaudited financial results.2025-04-012025-12-31UnauditedStandalone2948540000071280000030198200000375220000000245330000034134000001965000001875010000028565500000163270000037810000020108000002334000001656000003990000000161180000000001611800000-698000001542000000261950000010.780.78000.780.780.00410.00980.0174Subcontracting expenses4471400000Other expenses1281000000Subcontracting expenses15278200000Other expenses3471900000Gain/(loss) on remeasurement of defined benefit plans-13700000Gain/(loss) on fair value of equity instruments-77500000-91200000Gain/(loss) on remeasurement of defined benefit plans-21900000Gain/(loss) on fair value of equity instruments-62200000-84100000-14400000-1430000000-76800000-69800000QIP2024-12-1960000000002025-12-31trueCare Ratings Ltd.falseNot ApplicableNilNilNitesh Kumar JhaCompany SecretaryMumbai2026-02-12Rights Issues2025-12-2299999000002025-12-31trueCare Ratings Ltd.falseNot ApplicablefalsefalseRepayment and/or pre-payment, in full or in part, of certain outstanding borrowings availed by our Company, Associates and / or Joint VentureNA3900000000039000000000Augmenting Working CapitalNA1500000000015000000000Geneal Corporate PurposesNA228600000026880000040200000Repayment and/ or pre-payment, in full or in part, of certain outstanding borrowings availed by our CompanyNA6250000000030059000000Investment in our Joint Venture, Prolific Resolution Private Limited, for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by Prolific Resolution Private LimitedNA2000000000020000000000Augmenting the working capital requirements of our CompanyNA10000000000306000000General corporate purposesNA355400000000