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.
