Thursday, 28 January 2016

HCC Q3 profit falls 28% on provision for forseeable loss

In current financial year, HCC said it won orders worth Rs 3,707 crore and is also the lowest bidder in projects worth Rs 5,978 crore where contracts are yet to be signed.

Hindustan Construction Company   's (HCC) third quarter profit slipped 28.4 percent year-on-year to Rs 19.4 crore, hit by provision of Rs 45.50 crore for forseeable loss. It was also hit by lower revenue but operational performance supported bottomline. 

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