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Hindustan Construction Company reports net loss of Rs 428 crore in Q4

10 May 2019 Evaluate

Hindustan Construction Company has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a net loss of Rs 427.87 crore for the quarter under review against net profit of Rs 20.09 crore for the same quarter in the previous year. Total income of the company decreased by 10.82% at Rs 1,347.86 crore for Q4FY19 as compared Rs 1,511.47 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a net loss of Rs 1,961.75 crore against net profit of Rs 77.53 crore for the previous year. Total income of the company decreased by 7.60% at Rs 4,459.13 crore for year under review as compared to Rs 4,826.08 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a net loss of Rs 341.14 crore against net loss of Rs 1,090.00 crore for the previous year. However, total income of the company marginally increased by 2.04% at Rs 10,396.57 crore for year under review as compared to Rs 10,188.54 crore for year ended March 31, 2018.

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