HCC Q2 profit slumps 53% to Rs 22 crore
AgenciesThe company had logged a net profit of Rs 47.78 crore in the year-ago period, HCC said in a regulatory filing.
Income declined to Rs 925.15 crore from Rs 983.25 crore a year ago. Expenses also fell to Rs 889.98 crore from Rs 938.72 crore.
The company said that during the quarter, it secured an order worth Rs 524 crore and emerged as the lowest bidder for projects valued at Rs 2,010 crore with HCC's share at Rs 1,557 crore.
In addition, submitted bids worth Rs 34,805 crore remain under evaluation. HCC said that in the transportation sector, factory acceptance tests for the first Tunnel Boring Machine (TBM) were completed for both Indore and Patna Metro projects, with two TBMs successfully lowered at Indore.
At the Agardanda Creek Bridge, work progressed on the foundations and construction of bridge segments.
In the power segment, excavation and steel liner fabrication progressed at the Bhivpuri Pumped Storage Project.
The company also announced the appointment of Vivek Singhal as Chief Executive Officer, effective November 5, 2026.
Singhal brings over four decades of experience in infrastructure and EPC, spanning project execution, business leadership, business development and P&L management, it added.