Hindustan Construction Company Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Hindustan Construction Company has received credit ratings from Infomerics Valuation and Rating as under:

Non convertible debentures (Rs 753 crore) - IVR BBB-/ Stable
Optionally convertible debentures (Rs 863.88 crore) - IVR BBB-/ Stable
Long term facilities (Rs 121.12 crore) - IVR BBB-/ Stable
Long term / short term facilities (Rs 7313.28 crore) - IVR BBB-/Stable/ VRA3

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Net profit of Hindustan Construction Company rose 29.55% to Rs 245.93 crore in the quarter ended March 2024 as against Rs 189.84 crore during the previous quarter ended March 2023. Sales declined 42.69% to Rs 1773.13 crore in the quarter ended March 2024 as against Rs 3094.09 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 478.16 crore in the year ended March 2024 as against net loss of Rs 27.84 crore during the previous year ended March 2023. Sales declined 15.25% to Rs 7006.71 crore in the year ended March 2024 as against Rs 8267.30 crore during the previous year ended March 2023.

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Hindustan Construction Company will hold a meeting of the Board of Directors of the Company on 24 May 2024

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Hindustan Construction Company's rights issue has been oversubscribed by 250%, with the company receiving applications worth Rs 877 crore pursuant to its rights issue as against an issue size of Rs 350 crore. The company has retained an amount of Rs 350 crore, corresponding to 100 per cent of the rights issue size, with the balance being refunded to investors. Equity Shares have been allotted to the applicants as per the basis of allotment finalized with the designated Stock Exchange i.e. BSE.

Through the rights issue, the number of shares in HCC has increased by 16,66,66,666, from 151,30,28,244 to 167,96,94,910 and the Paid-up Share Capital has increased by Rs 17 crore, from Rs 151 crore to Rs 168 crore.

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