Hindustan Construction Company has completed a claims settlement with a major client for Rs.180 crore, resulting in the reduction of client advances amounting to around Rs. 130 crore (implying a reduction of annual financing charges of Rs. 15 crore), with the balance Rs. 50 crore being received as cash consideration, thereby boosting liquidity. Powered by Capital Market - Live News

Hindustan Construction Company has appointed Ramesh Subramanyam (DIN:02421481) as an Additional (Non-Executive Independent) Director of the Company, not liable to retire by rotation, for a period of 5 (five) consecutive years with effect from 16 December 2024.Powered by Capital Market - Live News

Net profit of Hindustan Construction Company reported to Rs 63.93 crore in the quarter ended September 2024 as against net loss of Rs 2.80 crore during the previous quarter ended September 2023. Sales declined 23.23% to Rs 1406.91 crore in the quarter ended September 2024 as against Rs 1832.59 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1406.911832.59 -23 OPM %17.2313.85 - PBDT128.7940.00 222 PBT102.4412.24 737 NP63.93-2.80 LP Powered by Capital Market - Live News

Net profit of Hindustan Construction Company declined 4.11% to Rs 50.20 crore in the quarter ended September 2024 as against Rs 52.35 crore during the previous quarter ended September 2023. Sales rose 5.64% to Rs 1202.97 crore in the quarter ended September 2024 as against Rs 1138.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1202.971138.76 6 OPM %17.7814.36 - PBDT102.6971.82 43 PBT86.2053.25 62 NP50.2052.35 -4 Powered by Capital Market - Live News

Hindustan Construction Company will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live News