HCC Engineering & Construction Reports Strong Q2 Performance
In Q2 FY25, HCC Engineering & Construction (HCC E&C) reported a standalone turnover of ₹1,203 crore and a net profit of ₹50.2 crore, up from ₹1,138.8 crore and ₹52.4 crore, respectively, in the previous year. The company's order book reached ₹9,773 crore as of September 30, 2024. Recent contract wins include a ₹1,031.6 crore award in October, and HCC is the lowest bidder on projects worth ₹3,860 crore.
On a consolidated level, HCC reported revenue of ₹1,407 crore, slightly down from ₹1,832.6 crore in Q2 FY24. However, consolidated profit increased significantly to ₹64 crore, compared to ₹6.4 crore last year. Key milestones included the taking over of Delhi Metro’s DC06 package, the inauguration of the southbound arm of the Mumbai Coastal Road, and progress on major projects like the Vishnugad Pipalkoti hydropower project, with 3.5 km of the tunnel completed out of 12.1 km, and peak TBM mining of 509 m achieved in September 2024.
Additionally, bids worth ₹3,800 crore are under evaluation, while a strong bid pipeline of ₹46,000 crore is in progress. To support its growth trajectory, HCC plans to raise equity via a Qualified Institutional Placement.