Hindustan Dorr Q4 loss narrows significantly to Rs 38.3 cr

Moneycontrol BureauEngineering and turnkey solutions provider Hindustan Dorr-Oliver's fourth quarter net loss narrowed significantly to Rs 38.3 crore against Rs 511.6 crore in year-ago period.

It had an exceptional loss of Rs 201.1 crore, provision for doubtful debts of Rs 119.89 crore and provision for foreseeable losses of Rs 114.27 crore in Q4FY15.

Revenue increased 155 percent to Rs 69.3 crore during the quarter compared to Rs 27.2 crore in same period last year. The stock was locked at 20 percent upper circuit at Rs 11.11 on Bombay Stock Exchange. There were pending buy orders of 201,918 shares, with no sellers available.