HCC: Q4FY14 Result As Per DSIJ's Expectation

HCC's turnover for the quarter ended 31 March, 2014 went up by 20% to Rs 1184 crore as compared to Rs 982 crore in the corresponding quarter of previous year. The operating profit of the company came in at Rs 170 crore in the current quarter as against Rs 89 crore in the same quarter last year, registering a growth of 92%. EBITDA margins stood at 14.8% in the quarter as compared to 9% in the corresponding quarter last year. Overall, the net profit of the company came in at Rs 24.4 crore as against a loss of Rs 50.3 crore in the same quarter last year.


For the complete year, HCC's turnover went up by 7% to reach Rs 4113 crore as against Rs 3837 crore last year. The operating profit went up by 67% to Rs 640 crore as compared to Rs 383 crore last year. EBITDA margins stood at 15.86% as against 9.99% in the previous year. The net profit of the company came in at Rs 80.6 crore as against a loss of Rs 137.6 crore last year. The current order book of the company stands at Rs 14249 crore, excluding L1 contracts worth Rs. 1291 crore.

During the year 2013-14, the company secured nine new orders worth Rs 3218 crore. After two years of losses, the company improved its performance quarter by quarter to post a net profit. Efficient project management and tight cost control has helped to improve margins. Moreover, toll collection is likely to start on HCC Infrastructure's NH-34 project.

Commenting on the company's performance, Ajit Gulabchand, Chairman and Managing Director said, "In an uncertain economic scenario, our focus remained on improving the operational efficiency. The company will continue to implement measures aimed at further improvement in all financial parameters. Inflow of Rs 3218 crore orders during last six months will help to improve the turnover in the next few quarters."