HCC posts 45.7% decline in net profit to Rs 118.6 crore for Dec quarter
Hindustan Construction Company (HCC) on Thursday reported a 45.66 per cent decline in net profit to Rs 118.58 crore for the quarter ended December 31, 2021.
The company had clocked a profit of Rs 64.43 crore in the year-ago period, according to a BSE filing.
Its total income during October-December 2021 stood at Rs 2,695.89 crore, compared with Rs 2,416.93 crore in the year-ago period.
Total expenses increased to Rs 2,608.18 crore, from Rs 2,293.14 crore a year ago.
The company in a statement said HCC’s debt resolution plan has been significantly advanced and is in the final stages of implementation.
