Friday, Jun 14 2024 | Time 06:09 Hrs(IST)
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Business Economy


New Delhi, May 24 (UNI) HCC reported over 22 percent jump in consolidated net profit of Rs 246.2 crore in Q4 FY24 versus net profit of Rs 201.6 crore in Q4 FY23.
The consolidated revenue however plunged about 27 percent to Rs 1,773 crore in Q4 FY24 versus Rs 2,426 crore in Q4 FY23, the company said in a release.
The Company's order book stood at Rs10,475 crore as of March 31, 2024. The company is the lowest bidder in projects worth Rs 4,500 crore where contracts are yet to be signed. Furthermore, HCC has submitted bids worth Rs 10,400 crore, which are under evaluation.
Commenting on the performance, Mr. Arjun Dhawan, Vice Chairman, HCC, said, “We will settle for nothing less than rapid growth of our order backlog in FY25, with no compromise on quality and profitability. It has been a momentous year for our business with milestones achieved for many iconic projects across the country. HCC remains a privileged contributor to nation building as India’s infrastructure program scales new heights.”
In FY24, the Company registered consolidated net profit of Rs 529.4 crore and consolidated revenue in FY24 stood at Rs 7007 crore.
HCC completed the Nikachhu Hydropower Project in Bhutan in March 2024. In Mumbai, the Company has successfully installed two arch bridges, seamlessly connecting the Coastal Road to Bandra Worli Sea link. In NH34 Package 3 in West Bengal, all works are complete, and final commercial operation has been awarded for the last stretch of 9.8 Km, the company said.
UNI SKB CS2021
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