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Fourth quarter results have been hit by delays on Kishanganga Project, says Ajit Gulabchand, chairman and MD of Hindustan Construction Company (HCC).
Mumbai-based construction company HCC is set to declare its fourth quarter (January-March) results on Friday. According to the average of the CNBC-TV18 poll, the company is expected to report a net loss of Rs 39 crore on standalone basis as against loss of Rs 54 crore in a year ago period and Rs 39 crore in previous quarter.
Praveen Sood, Group CFO, Hindustan Construction Company (HCC), says that the company has put special thrust on managing the working capital and this quarter has been good as far as working capital is concerned, as there is no further pressure on the working capital.
Nirmal Bang has come out with its earnings estimates on infrastructure space for December quarter FY13. The research firm expect pure EPC companies in our coverage to post moderate revenue growth in 3QFY13 after a seasonally weak quarter and marginal improvement in operating profit.
Though plagued by high interest costs and heavy debt in the books, HCC, group CFO, Praveen Sood explains to CNBC-TV18 that the company is taking all efforts to turn positive by the end of the year.
Hindustan Construction Company (HCC) is set to declare its first quarter numbers today. Analysts on an average expect the company to post a loss of Rs 44 crore during the quarter on standalone basis as against profit after tax of Rs 3 crore in a year ago period.
Angel Broking has come with its June quarterly earning estimates for infrastructure estate sector. According to the research firm, average revenue growth is expected to remain subdued at 13.6% yoy on the back of slowdown in execution.
Hindustan Construction Company's total income is likely to decline 9% to Rs 1,091 crore in Q4FY12 from Rs 1,202 crore year-on-year.
Hindustan Construction Company (HCC) is expected to report a loss of Rs 20 crore in the fourth quarter of FY12 as against profit after tax of Rs 23 crore in a year ago period, according to CNBC-TV18 poll.
Motilal Oswal has come with its quarterly earning estimates on infrastructure sector for March 2012. According to the research firm, the aggregate revenue of the infrastructure companies are expected to decline 6.6% YoY in 4QFY12.
Angel Broking has come with its quarterly earning estimates on Infrastructure sector for March 2012. According to the research firm, for 4QFY2012, the average revenue growth is expected for coverage universe at 9.9% on the back of slowdown in execution and high base in 4QFY2011 for few companies.
Hemang Jani of Sharekhan spoke to CNBC-TV18 about his expectations of the earnings season and L&T results today. Check out his comments.
Hindustan Construction Company (HCC) is likely to post a loss of Rs 37 crore in third quarter of FY12 as against profit after tax of Rs 8 crore in a year ago quarter.