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Hindustan Construction Company Ltd

Q2 FY26Construction

Hindustan Construction Company Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹19
Market cap₹5.1K Cr
P/E37.7
Updated16 Oct 2026
Read4 min read

The short version

Targeting 20-25% CAGR in order book over the next 4 to 5 years (Page 18). Targeting 20-25% CAGR in order book over next 4-5 years (Santosh Rai, Page 18).

From Hindustan Construction Company Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Targeting 20-25% CAGR in order book over the next 4 to 5 years (Page 18).
  • Expect order intake worth at least ₹10,000 crore for the current year (Page 8).
  • Aim to double turnover in next 3 years (Page 10).
  • Conservative hit ratio for bid pipeline estimated between 15-20% for FY26 (Page 18).
  • Focus on fewer, larger-sized high-margin projects to improve profitability and control (Page 9).
  • Targeting shift in revenue mix from 90:10 government-private sector currently to 70:30 within 2-3 years (Page 12).
  • Mid-teens EBITDA margin expected with potential expansion as overheads remain fixed and growth scales (Page 12).

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Profitability & Margins

See what Hindustan Construction Company Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The company is actively investing in underground and infrastructure projects, including metro stations, hydroelectric, and pumped storage projects, as shown through ongoing work in Mumbai Metro, Tehri Pumped Storage, Vishnugad Pipalkoti Hydro Electric, Indore Metro, and Bhivpuri Pumped Storage projects.
  • They are purchasing equipment like drilling machines themselves to support underground works.
  • There is an upcoming rights issue of about 1,000 crores planned, with a material portion intended for debt prepayment and part retained for general corporate purposes focused on business growth over the next couple of years.
  • The company is ramping up capabilities in nuclear plant civil works and remains poised to participate in small modular nuclear reactor projects once these opportunities materialize.

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Top-ranked in Construction

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 3
2SPML Infra
Rev 2Mar 1
3
Rev 2Mar 1
4
Rev 2Mar 1
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Hindustan Construction Company Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current L1 position stands around ₹6,179 crore (Q1), with about 50% converted to orders.
  • Recently secured orders worth ₹2,770 crore, including packages from Patna metro and Hindalco.
  • Additional L1 position of ₹840 crore (mainly a hydro project) pending clearances.
  • Some Maharashtra large project L1 worth ₹2,000-3,000 crore is excluded conservatively and under client decision-making, expected clarity in next 3-6 months.
  • Targeting order intake circa ₹10,000 crore for current fiscal year.
  • Bid pipeline under evaluation totals about ₹29,581 crore, with an additional tendering pipeline around ₹57,000 crore.
  • Targeting 20-25% CAGR in order book growth over next 4-5 years, considered conservative.

2 more points from Hindustan Construction Company Ltd's call on order book

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Hindustan Construction Company Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹992 Cr, net profit ₹59 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Hindustan Construction Company Ltd Q2 FY26 results?

Targeting 20-25% CAGR in order book over the next 4 to 5 years (Page 18). Targeting 20-25% CAGR in order book over next 4-5 years (Santosh Rai, Page 18).

What is Hindustan Construction Company Ltd share price analysis?

Hindustan Construction Company Ltd currently shows a neutral. The stock trades at a P/E of 37.6 with a market cap of ₹5,097 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Construction Company Ltd planning capital expenditure?

The company is actively investing in underground and infrastructure projects, including metro stations, hydroelectric, and pumped storage projects, as shown through ongoing work in Mumbai Metro, Tehri Pumped Storage, Vishnugad Pipalkoti Hydro Electric, Indore Metro, and Bhivpuri Pumped Storage projects.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.