Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HCC Turnover at Rs.1,001 crore in Q1 FY 18-19

Posted On: 2018-08-09 08:14:33

HCC Turnover at Rs.1,001 crore in Q1 FY 18-19HCC reported turnover of Rs.1,001 crore in Q1 of FY18-19, as against Rs.991 crore in Q1 FY17-18. The company's order book stood at Rs.18,714 crore as of June 30, 2018. The company registered a loss of Rs.19.7 crore in Q1 FY18-19 against profit of Rs.14.5 crore in Q1 FY17-18. Gross debt of the company has reduced substantially to Rs.3,719 crore as of June 30, 201 8, from Rs.4,207 crore as on June 30, 2017.

Financial highlights:

Un-audited standalone results for Q1 FY18-19 vs. Q1 FY17-18

- Turnover of Rs.1,001 crore vs. Rs.991 crore
- Finance costs fell by 12% y-o-y, in line with the reduction in Gross Debt
- Order book at Rs.18,714 crore, excluding L1 bids worth Rs.1,213 crore

HCC has received Rs. 1,624 crore till date under the CCEA's initiative to release 75% of arbitral awards against bank guarantees.

Mr. Arjun Dhawan, Director & Group Chief Executive Officer, said, "We have successfully managed to lower our debt and reduce finance costs, despite the banking crisis that has gripped the country. This has however dampened our ability to grow and allow for a high-performance execution of our order backlog. While our commitments on the cost side of the balance sheet have accelerated due to recent legislative and regulatory requirements, our substantial receivables from Government Agencies continue to lag, which have created a working capital strain. HCC is taking the necessary measures to address this by not only strengthening its balance sheet, but also participating in the robust infrastructure spend in India. These measures will, among other things, include the monetisation of non-core assets and accelerating the receipt of our dues from clients."

Shares of HINDUSTAN CONSTRUCTION CO.LTD. was last trading in BSE at Rs.11.49 as compared to the previous close of Rs. 11.54. The total number of shares traded during the day was 2632938 in over 1675 trades.

The stock hit an intraday high of Rs. 11.71 and intraday low of 11.15. The net turnover during the day was Rs. 30333582.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Oberoi Realty Ltd board to consider Q2FY19 results on Oct 22, 2018

Mahanagar Gas Ltd board to announce Q2, H1 FY19 results on Nov 13, 2018

Monnet Ispat & Energy Ltd reports loss of Rs. 2859.56 crores in Q2

Shalby Ltd calls for board meeting on Oct 25, 2018

Powerhouse Gym & Wellness Ltd stops using brand name of Powerhouse Gym

Shree Digvijay Cement Ltd board to announce Q2 results on Oct 23, 2018

Avantel Ltd board to consider second quarter results on Oct 25, 2018

Choksi Imaging Ltd calls for board meeting on Oct 23, 2018

Vaibhav Global Ltd allots 2861 shares

Jindal Stainless Hisar Ltd board to approve 2nd quarter results on Oct 30, 2018

Orient ECO Energy Ltd ceased to be subsidiary of Orient Green Power Company Limited

CEAT Ltd board to consider Q2 results on Oct 25, 2018

INEOS Styrolution India Ltd calls for board meeting to consider 2nd quarter results

Kovai Medical Center and Hospital Limited board to approve Q2 results on Nov 10, 2018

Elantas Beck India Ltd calls for board meeting on Oct 31, 2018

NELCAST Ltd board to approve quarterly results on Oct 29, 2018

Hatsun Agro Product Ltd board to announce Q2 results on Oct 22, 2018

Indian Toners & Developers Ltd calls for board meeting on Nov 3, 2018

Smartlink Holdings Ltd board to consider Q2, H1 results on Oct 31, 2018

Victory Paper and Boards India Ltd to start Aluminium Roofing sheet production

Pecos Hotels and Pubs Ltd board to announce 2nd quarter results on Oct 25, 2018

G N A Axles Ltd calls for board meeting on Oct 23, 2018

Samrat Pharmachem Ltd board to consider quarterly results on Nov 14, 2018

Excel Industries Ltd board to announce Q2 results on Nov 2, 2018

Indiabulls Housing Finance Ltd Board declares Interim Dividend of Rs. 10 for FY19

Cox & Kings Ltd fixes Oct 15, 2018 as record date for demerger

Kingfa Science & Technology (India) Ltd announces resignation of CEO

Kriti Nutrients Ltd board to announce Q2, H1 results on Oct 25, 2018

Jasch Industries Ltd calls for board meeting on Oct 27, 2018

Music Broadcast Ltd board to approve quarterly results on Oct 25, 2018

Victory Paper and Boards India Ltd to purchase land at Karur for textile unit

Aksharchem India Ltd board to consider Q1, H1 FY19 results on Oct 30, 2018

Sagar Cements Ltd board to approve second quarter results on Oct 29, 2018

Sterlite Technologies Ltd board to announce 2nd quarter results on Oct 24, 2018

Punjab Chemicals and Crop Protection Ltd board to consider Q2 results on Oct 29, 2018

Delta Corp Ltd Q2 net profit up at Rs. 47.72 crores

Zee Media Corporation Ltd Q2 consolidated net climbs to Rs. 17.25 crores

South Indian Bank Ltd Q2 net profit jumps to Rs. 70.13 crores

Indiabulls Housing Finance Ltd Q2 FY19 PAT higher at Rs. 1034.92 crores

Dr. Reddy's Laboratories receives approval for Aspirin and Extended-Release Dipyridamole Capsules in the U.S. Market

Trident Ltd Q2 FY19 net profit jumps to Rs. 109.14 crore

Alkali Metals Ltd Q2 PAT drops to Rs. 0.40 crore

Control Print Ltd board to approve quarterly results on Oct 27, 2018

Gujarat Gas Ltd board to announce Q2 FY19 results on Nov 3, 2018

Bajaj Corp Ltd board to consider second quarter results on Oct 23, 2018

Inspirisys Solutions Ltd board to approve 2nd quarter results on Nov 5, 2018

Emami Ltd board to announce Q2 FY19 results on Oct 30, 2018

Steelcast Ltd calls for board meeting on Oct 29, 2018

Tribhovandas Bhimji Zaveri Ltd calls for board meeting on Oct 31, 2018

Jindal Stainless Ltd board to consider Q2 results on Oct 26, 2018







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018