Hindustan Construction Company today posted a net profit of Rs 31.6 crore for the second quarter, as compared to a net loss of Rs 17.8 crore in the same quarter last year. The revenues went up by 5.1% to Rs 909 crore as compared to Rs 864 crore for the same period last year. HCC has an orderbook of Rs 12,861 crore. “HCC is making all possible efforts in its control to sustain its performance during this challenging period.
Focus on cost rationalisation, effective liability management and sustained operational efficiency have contributed to the performance in the second quarter,” said Praveen Sood, Group Chief Financial Officer, HCC.