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Friday, January 22, 2010

HCC Q3 net dips 36% to Rs 15 cr

Construction major Hindustan Construction Company (HCC) reported a 36 per cent drop in net profit for the quarter ended December 31, 2001 at Rs 14.75 crore as against Rs 23.20 crore in the previous corresponding quarter.

The company said in a filing to National Stock Exchange that the numbers are not comparable because of Rs 9 crore write back of excess tax provision in the third quarter of the last financial year.

Total Income increased from Rs 814.83 crore for the quarter ended December 31, 2008 to Rs 891.20 crore for the quarter ended December 31, 2009. The turnover of the company went up by 7.9 per cent during the quarter.

Shares of HCC were trading at Rs 139.50 down 4.12 per cent from its previous close at the Bombay Stock Exchange at 12:48 pm.

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