Hindustan Construction Company (HCC) share price fell over 6 per cent on Friday after it reported a 7.31 per cent decline in its standalone net profit at Rs 19.14 crore for the March quarter. The company had posted a net profit of Rs 20.65 crore in the year-ago period, it said in a BSE filing.
At 1.32 pm, share price of the company was trading 6.14 per cent down at Rs 20.65. The scrip opened at Rs 22.15 and has touched a high and low of Rs 22.30 and Rs 20.55, respectively in trade so far. Later, the scrip settled the day 5 per cent lower at Rs 20.90.
Its total income from operations increased to Rs 1,196 crore in January-March of 2015-16 as against Rs 1,175 crore in the year-ago period.
For the year, the company said, “HCC has registered a net profit of Rs 84.97 crore in FY 2015-16, compared to Rs 81.65 crore last year.”
“The operating profit grew by 5.1 per cent (Rs 812.4 crore in FY 2015-16 vs Rs 773.3 crore in FY 2014-15). The turnover was at Rs 4190.9 crore compared to Rs 4,301.1 crore, in the previous year,” it added.
The company, however, did not provide consolidated figures for the quarter.
For the year, it incurred a loss of Rs 318 crore on a consolidated basis.