HCC Reports 311 Cr Consolidated Net Profit

Hindustan Construction Company (HCC) reported a consolidated net profit of Rs 311.38 crore for the quarter ended March 31, 2020. The company had clocked a loss of Rs 883.18 crore in the corresponding quarter of 2018-19, it said in a regulatory filing to the BSE. Its total consolidated income during the March 2020 quarter stood at Rs 2,376.68 crore, compared with Rs 2,426.02 crore in the year-ago quarter. The company's total expenses on a consolidated basis declined to Rs 2,366.13 crore, against Rs 2,752.97 crore a year ago. For the full year 2019-20, the company recorded a profit of Rs 197.03 crore on a consolidated basis. It had incurred a loss of Rs 49.85 crore in 2018-19.