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HCC has posted over four-fold drop in net profit at ₹6.8 crore (₹31.6 crore) for the quarter ended September 30.
However, turnover was up five per cent at ₹959 crore (₹909 crore).
Operating profit was at ₹175 crore for the quarter against ₹89 crore in the corresponding period last year.
Praveen Sood, Group CFO, said: “The performance is to be viewed keeping in mind that extraordinary flood affected operations at Jammu & Kashmir, where the company is executing major projects. However, efforts to improve its operational efficiency helped in maintaining the turnover growth in spite of this setback.”
On Thursday, HCC scrip closed 1.3 per cent lower at ₹29.65 on the BSE.
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