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CNBC-TV18's Kevin Lee caught up with Praveen Sood, Group CFO of HCC and asked him about their Q1 performance and if the worst is over for the company.
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HCC posted a good set of earnings in Q4 with the company seeing first uptick in execution. CNBC-TV18's Kevin Lee caught up with Ajit Gulabchand, CMD of HCC and began by asking him how much the company has been able to reduce their debt and also his outlook on debt going forward.
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Group CFO Praveen Sood says HCC's turnover is likely to grow at around 50 percent over the next 2 years.
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The Mumbai metro project is likely to take 6-9 months to get fully mobilised and will start accruing turnover only by the fourth quarter of FY17, said Praveen Sood, Group CFO, HCC.
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HCC's arbitration claims are at Rs 11,000 crore, says MD Ajit Gulabchand, adding that Rs 3,041 crore awarded is yet to come through.
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Hindustan Construction Company's (HCC) third quarter profit slipped 28.4 percent year-on-year (YoY) to Rs 19.4 crore, hit by provision of Rs 45.50 crore for forseeable loss. It was also hit by lower revenue but operational performance supported bottomline.
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Revenue may fall 1.5 percent to Rs 1,078 crore in quarter ended December 2015 compared to Rs 1,095 crore in same quarter last fiscal. Operating profit in Q3 is seen declining 21 percent to Rs 164 crore and margin may contract 370 basis points to 15.2 percent compared to year-ago period.
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The company‘s debt stands at Rs 4,800 crore and would repay additional Rs 1000 crore over 18 months, says Praveen Sood, CFO of HCC.
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The company has been taking all efforts to convert the L1 positions into proper orders, said Praveen Sood, Group CFO of HCC.
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Praveen Sood, CFO, HCC Group is a bit disappointed with order inflows on the nuclear power and hydel project side but hopes that with US President visiting India there could be development in nuclear power projects
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Praveen Sood, CFO of HCC says profitability margins are coming from efforts to bring down costs. The company is seeing order inflow momentum only in the road sector as of now.
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Praveen Sood, CFO, Hindustan Construction Company says at the operating level, the company has always clocked double digit margins and hopes to continue the trend in the near future. It is the interest cost that has caused the previous losses.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Hemang Jani of Sharekhan spoke to CNBC-TV18 about his expectations of the earnings season and L&T results today. Check out his comments.
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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.
