HCC shares down over 5 pc as Q3 net plunges

Shares of engineering firm HCC declined by over 5 per cent today after the company reported more than 80 per cent fall in net profit for the December quarter.
The stock dipped by 4.85 per cent to end at Rs 41.20 on BSE. During the day, it lost 6.23 per cent to Rs 40.60.
At NSE, shares of the company declined by 5.3 per cent to close at Rs 41.05.
In terms of volume, 47.37 lakh shares of the company were traded on BSE and over 2 crore shares changed hands at NSE during the day.
HCC today reported an 80.49 per cent decline in net profit for the December quarter at Rs 4.55 crore, mainly on account of decline in revenues.

The company had reported a net profit of Rs 23.33 crore in the corresponding quarter last fiscal.
Its total revenues for October-December period stood at Rs 944.09 crore against Rs 1,058.04 crore a year-ago, registering a decline of 10.76 per cent.