Latest news with #HindustanConstructionCompany
Business Standard
9 hours ago
- Business
- Business Standard
HCC MD & CEO Jaspreet Bhullar resigns
Hindustan Construction Company (HCC) announced that Jaspreet Bhullar has tendered his resignation from the position of managing director and chief executive officer (CEO) of the company, effective from 23 June 2025. Hindustan Construction Company is the flagship company of Hindustan Construction Company Group (HCC Group) and is involved in engineering and construction of infrastructure projects such as dams, tunnels, bridges, hydro, nuclear and thermal power plants, expressways and roads, marine works, water supply, irrigation systems and industrial buildings across the country. The company's consolidated net profit fell 63.4% to Rs 90.08 crore on a 22.5% drop in revenue from operations to Rs 1,373.70 crore in Q4 FY25 over Q4 FY24. Shares of Hindustan Construction Company rose 0.57% to Rs 30.25 on the BSE.
Business Standard
09-05-2025
- Business
- Business Standard
Hindustan Construction Company consolidated net profit declines 63.37% in the March 2025 quarter
Sales decline 22.53% to Rs 1373.70 crore Net profit of Hindustan Construction Company declined 63.37% to Rs 90.08 crore in the quarter ended March 2025 as against Rs 245.93 crore during the previous quarter ended March 2024. Sales declined 22.53% to Rs 1373.70 crore in the quarter ended March 2025 as against Rs 1773.13 crore during the previous quarter ended March 2024. For the full year,net profit declined 76.45% to Rs 112.63 crore in the year ended March 2025 as against Rs 478.16 crore during the previous year ended March 2024. Sales declined 20.03% to Rs 5603.37 crore in the year ended March 2025 as against Rs 7006.78 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1373.701773.13 -23 5603.377006.78 -20 OPM % 21.00-6.63 - 11.319.57 - PBDT 195.59-223.53 LP 157.4931.98 392 PBT 173.25-241.44 LP -6.49-73.12 91 NP 90.08245.93 -63 112.63478.16 -76
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Business Standard
08-05-2025
- Business
- Business Standard
HCC Q4 results: Net profit drops 63% to Rs 90 cr, secures new contracts
Hindustan Construction Company (HCC) on Thursday reported a 63.37 per cent decline in consolidated net profit to Rs 90.08 crore for the quarter ended March 2025. The company had clocked a profit of Rs 245.23 crore in the year-ago period, it said in a BSE filing. Its total income during the quarter under review stood at Rs 1,392.20 crore compared to Rs 1,813.05 crore a year ago. The company's total expenses declined to Rs 1,077.91 crore from Rs 2,073.33 crore a year earlier. For the entire 2024-25, it logged a consolidated net profit of Rs 112.63 crore. It had posted a net profit of Rs 478.16 crore in FY24. HCC, in a statement, said it has secured three contracts worth Rs 5,692.6 crore with JV partners (HCC's share at Rs 3,472 crore) during the financial year. The company is also the lowest bidder in projects worth Rs 3,513 crore, where contracts are yet to be signed. Furthermore, HCC has submitted bids worth Rs 30,950 crore, which are under evaluation, it added. During the year, HCC said, it completed a Rs 350 crore rights issue in April 2024 and a Rs 600 crore QIP in December 2024. As part of its ongoing efforts to accelerate the deleveraging process, the company continues to prepay debt, which is recognised by HCC's investment grade ratings, it added.
