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MUMBAI: Hindustan Construction Co has reported a net profit of Rs 35.66 crore in the second quarter of the current fiscal, against Rs 2.79 crore in the corresponding quarter of the last fiscal.

The company had an extraordinary income of Rs 40 crore during the quarter from the transfer of development rights of certain land at Vikhroli, Mumbai, to its wholly owned subsidiary.

During the quarter, the company registered a turnover of Rs 311.74 crore, against Rs 293.81 crore in the corresponding quarter, representing a jump of 6 per cent.

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