Comments
Hit by lower income and higher raw material consumption, Hindustan Construction Company continued to be in the red reporting a Rs 50.26–crore loss in the fourth quarter ended March 31, 2013.
The Mumbai-based engineering and construction firm had clocked a Rs 54.17-crore loss on a standalone basis in the same quarter a year ago, it said in a BSE filing.
The primary reason for HCC incurring loss yet again in the reporting quarter is a sharp drop in to Rs 982.92 crore from Rs 1,156.25 crore in the same quarter of previous fiscal.
However, despite the dip in income, the cost of raw material consumed rose to Rs 379.90 crore during the January-March quarter from Rs 272.16 crore a year ago.
For the full-year, HCC’s loss stood at Rs 137.64 crore on a total income of Rs 3,837.29 crore in 2012-13.
The consolidated loss during 2012-13 stood at Rs 482.46 crore from a total income of Rs 8,509.98 crore.
Shares of the company were trading at Rs 14.05 a piece, down 1.33 per cent during afternoon trade in the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.