Shares of Hindustan Construction Company (HCC) plummeted 10 percent to a fresh 52-week low of Rs 25.6 on February 14 after the company posted dismal third-quarter (Q3FY25) results.
Over the past month, HCC shares have tumbled 24 percent, significantly underperforming the benchmark Nifty 50, which dipped just 1 percent during the same period.
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HCC reported a net loss of Rs 216 crore in Q3FY25, a stark contrast to the Rs 68.5 crore profit it posted a year ago. Revenue nosedived 19.5 percent year-on-year to Rs 1,002.1 crore.
Total expenses fell to Rs 1,309.9 crore from Rs 1,412.5 crore in the corresponding quarter last year, reflecting a slight decline in operational costs.
As of December 31, 2024, HCC’s order book stood at Rs 9,758 crore. The company secured a Rs 1,031.6 crore contract in Q3 and emerged as the lowest bidder for projects worth Rs 3,513 crore. Additionally, HCC raised Rs 600 crore through a Qualified Institutional Placement (QIP) in Q3FY25.
HCC has contributed to 26 percent of India’s hydro power generation capacity and 60 percent of its nuclear power generation capacity. The company’s impressive portfolio also boasts the completion of over 4,036 lane kilometers of expressways and highways, more than 402 kilometers of intricate tunneling, and the construction of 403 bridges.
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