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Hindustan Construction (HCC) Reports Stellar Results, Stocks Soar 7%!

19 May 20232 mins read by Angel One
The company recently received a mega order worth Rs 3,681 crore for Bullet Train Station.
Hindustan Construction (HCC) Reports Stellar Results, Stocks Soar 7%!
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Hindustan Construction Company (HCC) has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported 3-fold jump in net profit at Rs 66.21 crore for the quarter ended March 31, 2023 as compared to Rs 21.64 crore for the same quarter in the previous year. Total income of the company increased by 18.43% at Rs 1,864.10 crore for Q4FY23 as compared to Rs 1,574.01 crore for the corresponding quarter previous year.  

On consolidated basis, the company has reported over 6- fold jump in its net profit at Rs 190.66 crore for fourth quarter ended March 31, 2023 as compared to Rs 30.88 crore for the same quarter in the previous year. Total income of the company increased by 5.51% at Rs 3,107.58 crore for Q4FY23 as compared to Rs 2,945.16 crore for the corresponding quarter previous year.  

For the year ended March 31, 2023, on the consolidated basis, the company has reported net loss at Rs 26.59 crore as compared to net profit of Rs 571.74 crore for the previous year. Total income of the company decreased by 8.44% at Rs 9,912.33 crore for year under review as compared to Rs 10,826.46 crore for year ended March 31, 2022.   

Today, the stock opened at Rs 16.40, with a high and low of Rs 17.33 and Rs 16.29. Currently, the stock is trading at Rs 17.13, up by 7.53%. The stock has a 52-week high of Rs 22.70 and a 52-week low of Rs 10.54.                   

Hindustan Construction Company is a pre-eminent Indian infrastructure company, it was incorporated over eight decades ago. The group specializes in technically complex, new-age infrastructure projects, as well as EPC, BOT, Integrated Projects and Townships.

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