Hindustan Construction Company Limited — PPTs, 13-02-2025: Investor Presentation

**Financial Highlights:** HCC reported standalone E&C turnover of ₹1,002 Cr for Q3 FY25, a decrease from ₹1,244 Cr in Q3 FY24. The EBITDA margin improved to 14.7% from 12.3% YoY, with PBT (excluding exceptional items) at ₹18 Cr, slightly down from ₹21 Cr. The company faced a standalone net loss of ₹216 Cr, primarily due to tax regime changes and adjustments to deferred tax assets. Consolidated revenue dropped to ₹1,006.8 Cr from ₹1,474.5 Cr, with a net loss of ₹38.9 Cr compared to a profit of ₹233 Cr last year.

**Strategic Initiatives and Growth Drivers:** HCC has a strong order backlog of ₹9,773 Cr, excluding ₹3,513 Cr in L1 positions. They've secured an LOA for the Agardanda Creek Bridge worth ₹1,032 Cr and submitted bids totaling ₹17,679 Cr across various significant projects.

**Business Developments:** The divestment of Steiner AG has been completed, allowing HCC to concentrate on core operations in India.

**Market Position and Competitive Advantage:** HCC continues to broaden its presence in infrastructure development, with ongoing projects worth ₹36,000 Cr and a focus on new tenders.

**Investor Implications:** With challenges evident in earnings, the focus on core business and a robust project pipeline presents a mixed but potentially positive outlook. Investors should watch closely for developments in upcoming bids and project completions.