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Friday, October 23, 2009 (14:36:15) |
| Tags : HCC,fiscal,net profit,Engineering and construction |
Hindustan Construction net profit dips 72 percent
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| Mumbai: Engineering and construction major Hindustan Construction Co (HCC) today said its net profit for the quarter ended on Sep 30 fell 72.3 percent to Rs.5.51 crore from Rs.19.94 crore in the like period last fiscal.
The net profit figures were, however, not comparable with the previous period as the company had booked a one-time loss on the sale of capital assets during the second quarter, HCC said in a regulatory statement.
The turnover of the company increased 23.6 percent to Rs.862 crore for the second quarter of the current fiscal as compared to Rs.698 crore in the corresponding period last year.
The power sector contributed 46 percent to the turnover, while roads and water supply made up 29 percent and 25 percent respectively.
HCC is credited with constructing Mumbai's Bandra-Worli sea link and is developing the Lavasa project - a hill city spread across 12,500 acres near Pune. (IANS) |
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