Hindustan Construction Company posted a net profit of Rs 24.4 crore for Q4 2014 as against Rs 50.3 crore loss during the same period last year. Revenue increased 20% to Rs 1,184 crore and operating profit was up 92% to Rs 170 crore.
Ajit Gulabchand, Chairman and Managing Director said, “In an uncertain economic scenario, our focus remained on improving the operational efficiency. The company will continue to implement measures aimed at further improvement in all financial parameters. Inflow of Rs 3,218 crore orders during last six months will help to improve the turnover in the next few quarters.”
HCC's Rs 3,000 crore debt underwent restructuring in 2012, which included extension of repayment period, infusion of fresh working capital and lowering of interest rate.
