Hindustan Construction Company suffers net loss of Rs 409 cr for Q1FY21

New Delhi: Mumbai-based Hindustan Construction Company (HCC) Ltd suffered a consolidated net loss of Rs 409 crore in the first quarter of the ongoing fiscal as compared to a net profit of Rs 99 crore in the corresponding quarter of the previous fiscal.

The consolidated profit before tax (negative) stood at Rs 558 crore (loss) in the first quarter of the ongoing fiscal as compared to a profit of Rs 87 crore in the corresponding quarter of the previous fiscal.

The consolidated revenue from operations declined to Rs 1,675 crore in the first quarter of the ongoing fiscal as compared to Rs 2,798 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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