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HCC posts net loss of Rs 19.7 cr in Jun qtr

The company had reported a net profit of Rs 14.5 crore in the year-ago period.

August 08, 2018 / 21:27 IST
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We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Infrastructure firm Hindustan Construction Company (HCC) today reported a standalone net loss of Rs 19.7 crore for the June quarter, mainly due to rise in expenses.

The company had reported a net profit of Rs 14.5 crore in the year-ago period.

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Total income increased marginally to Rs 1,001.18 crore, compared with Rs 991.12 crore last year, the company said in a statement.

The expenses for the reporting quarter increased to Rs 1,029.99 crore, from Rs 971.63 crore in the year-ago.