Construction & Engineering company Hindustan Construction Company announced Q4FY23 & FY23 results:
Consolidated Q4FY23:
- Net profit of Rs 188.1 crore in Q4FY23 versus net profit of Rs 62.1 crore in Q4FY22.
- Revenue stood at Rs 3,094.1 crore in Q4FY23 versus Rs 2,920.6 crore in Q4FY22
FY23:
- Turnover of Rs 5,222 crore in FY23 versus Rs 4,666.3 crore last year and Rs 1,844.8 crore in Q4FY23 versus Rs 1,571.4 crore in Q4FY22
- Net profit of Rs 253.4 crore in FY23 compared to loss of Rs 153.1 crore last year and net profit of Rs 66.2 crore in Q4FY23 versus net profit of Rs 21.6 crore in Q4FY22
- EBITDA margin at 14% in FY23 compared to 17% last year
- The Company's order book stood at Rs 14,772 crore as of March 31, 2023
- Loss of Rs 89.1 crore, versus net profit of Rs 637.3 crore in FY22.
- Revenue in FY23 stood at Rs 9,856 6 crore versus Rs 10,668.3 crore in FY22.
Mr. Arjun Dhawan, Vice Chairman, HCC, said, "It has been a transformative year for HCC, with success on major strategic initiatives alongside improved operational performance. The completion of our debt carve-out process and profitable divestment of our concession assets further strengthened our balance sheet and plans for future growth."