Hindustan Construction Company fell 5.22% to Rs 96.20 at 12:48 IST on BSE on reporting 11.83% fall in net profit to Rs 30.84 crore on 15.44% rise in total income to Rs 878.33 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 100 and a low of Rs 95.20 so far during the day. The stock had a 52-week high of Rs 278.90 on 2 January 2008 and a 52-week low of Rs 67.80 on 2 July 2008.
The company has an equity capital of Rs 25.62 crore. Face value per share is Rs 1.
The current price of Rs 96.20 discounts its Q4 March 2008 annualised EPS of Rs 4.12, by a PE multiple of 23.34.
The company’s order book stands at Rs 10196 crore. It is currently executing 37 projects and is the lowest bidder in four projects worth Rs 4,924 crore and is awaiting award of the contracts. In Q1 June 2008, Hindustan Construction Company (HCC) made a provision of Rs 50.6 crore on account of foreign exchange losses on foreign currency loans including foreign currency convertible bond.
Hindustan Construction Company’s board also has approved issue of secured redeemable non-convertible debentures (NCDs) on private placement basis of Rs 100 crore to Life Insurance Corporation of India (LIC).
HCC is engaged in constructing industrial and commercial building. HCC specializes in large-scale civil constructions. It has been continuously developing new age construction technologies.
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