Hindustan Construction Company (HCC) has reported a net profit of Rs 23.2 crore during the quarter ended December 31, 2008, down by 7.4 per cent compared to Rs 25.05 crore during the previous year.
The marginal drop in the net profit is on account of the foreign exchange loss of 6.8 crore, the company has suffered during the quarter coupled with higher interest cost of Rs 57.3 crore due to the unprecedented liquidity crisis in the industry.
However, the company's order book position registered a growth of 35 per cent during the quarter taking its total order book value to Rs 12,177 crore. The turnover of the company during the period stood at Rs 875.9 crore showing an increase of 16.3 per cent and its operating profit stood at Rs 106 crore, registering a growth of 9.5 per cent.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app