Hindustan Construction Company (HCC), a prominent construction company situated in Mumbai, announced today that its consolidated revenue was Rs 1,816 crore. This is a 5.73 percent annual fall but a 2.36 percent quarterly growth. In contrast to the net profit of Rs 43.6 crore in the same quarter of FY24, the June quarter’s net loss was Rs 2.5 crore.
Additionally, the company reported consolidated EBITDA margins (excluding other income) of 8.4%, down from 15.4% in the same period of the previous fiscal year.
HCC reported lower standalone revenue for Q1 FY25, down 11.39 percent at Rs 1,265.7 crore, and a lower profit after tax of 41.19 percent at Rs 22.7 crore. Additionally, EBITDA excluding other income was down 25.76 percent at Rs 159.3 crore, and EBITDA margin was down 16 percent on a quarterly basis.
“Rather than using the most recent quarter, it would be more appropriate to compare the Q1 FY25 performance with the same time previous fiscal year. It’s a certain season. Rahul Shukla, associate vice president of finance at HCC, told Business Standard that the monsoon has an impact on construction companies.
Through a Qualified Institutional Placement (QIP), HCC plans to raise up to Rs 600 crore in equity “to support its accelerated growth plan.”
In addition, Shukla revealed that the business will be working on three future projects totalling more than a thousand crore, two of which are highway infrastructure projects and one of which is a hydropower plant.
Working on the Anji Khad Bridge, DMRC DC06, Mumbai Metro Line 3, Tehri Pumped Storage, and Vishnugad Pipalkoti HEP, the business has now made great strides. This year has seen the inauguration of several projects, including Phase 2 of the Mumbai Coastal Road project, which connects one carriageway to the Bandra Worli Sea Link.