Mumbai, Maharashtra, India
Highlights:
For the Quarter ended 31st Dec., 2007
-- Turnover up 39% at Rs 753 crore compared to Rs 541 crore for the corresponding period last year
-- Profit before Tax up 34% to Rs 38 crore over Rs 28 crore
-- Profit after tax up 14% to Rs 25 crores from Rs 22 crores.
-- EBDITA improved to 12.9% from 10.9%
For the 9 months ended 31st Dec 2007
-- Turnover up 31% to cross Rs 2000 crore mark as compared to Rs 1547 crore for the corresponding period last year
-- Profit before Tax up 70% & crossed Rs 100 crore mark over Rs 63 crore last year same period.
-- Profit after tax up 61% to Rs 82 crores from Rs 51 crores.
-- EBDITA improved to 11.6% from 9.4%
-- Order book on hand at Rs 9053 crore
The company is awaiting award of projects worth Rs 4000 crores where its bid is lowest. The company also reported that the tenders under evaluation are Rs 5827 crores and where it is pre-qualified to bid are over Rs 7200 crore.
Lavasa, the new hill station being developed by HCC Real Estate, the 100 per cent subsidiary of HCC had a successful launch on Dusshera (October 22, 2007) where sales target for the year 2007-08 has been achieved.
Construction work is also on full swing for the 1.9 million sq ft IT park being developed by HCC Real Estate in Vikroli West.
About HCC
HCC is a leading construction and infrastructure development company with a rich heritage of experience. The company specializes in pioneering large-scale infrastructure development and developing new age construction technologies. The company has managed and executed several technically complex and high value projects across segments like transportation, power generation infrastructure, marine projects, oil & gas pipeline constructions, irrigation & water supply, utilities and urban infrastructure. For more information, please visit www.hccindia.co.in.
Source: Hindustan Construction Co. Ltd (HCC) (Business Wire India)
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