5001852026-04-012026-06-305001852026-04-012026-06-30in-capmkt:OtherExpenses1Member5001852026-04-012026-06-30in-capmkt:OtherExpenses2Member5001852026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001852026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25001852026-04-012026-06-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500185HCCNOTLISTEDINE549A01026HINDUSTAN CONSTRUCTION COMPANY LIMITEDMain BoardEquity2026-04-012027-03-312026-08-062026-07-29INRCroresQuarterlyFirst quarterSingle segmentEngineering and Construction2026-08-0613:30:002026-08-0616:10:00Not applicable2026-04-012026-06-30UnauditedConsolidated993420000062080000010555000000135580000000894200000868400000596000006637800000981580000073920000007392000001381000009510000023320000005060000000004800000510800000-122000004986000005108000000-12200000498600000261950000010.190.19000.190.190.00460.00970.02351.The consolidated unaudited financial results (‘results’) of Hindustan Construction Company Limited (hereinafter referred to as the ‘Holding Company’ or ‘HCC’) and its subsidiaries (the Holding Company and its subsidiaries together referred to as ‘the Group’), associate, joint venture and joint operations of Holding Company, for the quarter ended June 30, 2026 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 Consolidated financial statements for the year ended March 31, 2026. These results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors of the Holding Company at its meeting held on August 06, 2026. These results have been subjected to limited review by statutory auditor. <br /> 2.The Group has identified Engineering and Construction as its only reportable operating segment based on the internal management reporting structure and the manner in which operating performance is reviewed by the Chief Operating Decision Makers (CODM). Accordingly, there are no reportable segments requiring separate disclosure in terms of Ind AS 108, Operating Segments. <br /> 3.The Holding 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 /> 4.Unbilled work-in-progress (contract assets), current trade receivables and non-current trade receivables outstanding as on June 30, 2026, includes Rs. 102.03 crore, Rs. 24.21 crore and Rs. 57.52 crore, respectively (March 31, 2026: includes Rs. 115.71 crore, Rs. 24.21 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 of the Holding Company. 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 Holding 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 Holding Company is confident that these receivables are good and fully recoverable. <br /> 5.As at June 30, 2026, the Holding Company has net deferred tax assets amounting to Rs. 163.55 crore (March 31, 2026: Rs. 173.91 crore), which mainly represents deferred tax assets on carried forward unused tax losses/unabsorbed depreciation and other taxable temporary differences. The Holding 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 /> 6.Exceptional items represent: <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 Group has presented this one-time charge under ‘Exceptional Item’ for the year ended March 31, 2026. <br /> b) In prior years, pursuant to a resolution plan agreed with its lenders, the Holding 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. During the year ended March 31, 2026, 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 Holding 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 year ended March 31, 2026. <br /> 7.Figures for the quarters ended March 31, 2026 are the balancing figures between the audited consolidated figures for the year ended on that date and the published unaudited year-to-date figures up to the nine months period ended December 31, 2025, which were subjected to limited review by the statutory auditors. <br /> 8.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 consolidated financial results.Subcontracting expenses5670400000Other expenses967400000Gain/(loss) on remeasurement of defined benefit plans100000Gain/(loss) on fair value of equity instruments11800000011810000016900000Translation gain relating to foreign operations-113400000-1134000000-12200000