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Apr 27, 2012, 08.13 PM IST
Hindustan Construction Company (HCC) has reported a higher than expected net loss of Rs 54 crore for the fourth quarter of FY12 while analysts on average had expected a loss of Rs 20 crore.
Total income fell 4.46% to Rs 1,156 crore YoY due to execution bottlenecks, slowdown in ordering activity, high interest cost environment and payment delays. Analysts had expected total income at Rs 1,091 crore.
EBITDA margins during the same period stood at 7.6%. Meanwhile, shares of the company crashed 5.12% to 20.25 post the result announcement.
Going forward, key concerns which remain for HCC are
Also watch the presser video.
May 23 2013, 10:43
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