Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

HCC FY21 Consolidated Revenue at Rs 8,335 cr

Posted On: 2021-06-23 11:40:45 (Time Zone: UTC)

HCC stand-alone reported turnover and EBITDA of Rs 2,642.4 crore and Rs 299.6 crore, respectively, in FY21, as against Rs 3,676.1 crore and Rs 465.1 crore, respectively, in FY20. The company's order book stood at Rs 17,914 crore as of March 31, 2021.

For the year ended March 31,2021, the Group recorded Consolidated Revenues at Rs 8,335 crore from continuing operations, registering a decline of 12%, attributed to revenues lost due to COVID19 and the ensuing lockdown related disruptions. Challenges in supply chain management, logistics and non-availability of migrant workers at project sites resulted in lower turnover and affected the working capital cycle. This led to a net loss of Rs 610.0 crore.

Despite the above challenges, efforts by the Company have resulted in projects reaching the required level of resources which are expected to deliver performance as per normal operating levels. Uncertainty remains to the extent of further pandemic related disruptions to the construction cycle.

Financial highlights - HCC audited standalone results

- Turnover of Rs 2,642.4 crore in FY21 versus Rs 3,676.1 crore last year and Rs 893.7 crore in Q4 FY21 versus Rs 787.7 crore in Q4 FY20

- Net loss of Rs 566.5 crore in FY21 compared to Loss of Rs 168.7 crore last year and Net loss of Rs 90.2 crore in Q4 FY21 versus Net Loss of Rs 21 1.9 crore in Q4 FY20

- EBITDA margins at 11.6% in FY21 compared to 12.8% last year

- The order book stood at Rs 17,914 crore, excluding one order worth Rs 1,147 crore (HCC's share Rs 585 crore) procured in Q1 FY22

Mr. Arjun Dhawan, Group Chief Executive Officer said, "HCC has much to be proud of this year, having strengthened our balance sheet through asset sales and meeting conciliation targets, despite the chaos caused by COVID19. We are also at the cusp of closing our resolution plan with lenders. That said, our primary focus remained 'people first', to ensure the safety of our workforce and their families, in a year that has caused great emotional upheaval."

HCC has been awarded five contracts worth Rs 7,639 crore. (HCC's share is Rs 3,467 crore). In Q1 FY22 the company has been awarded contract of Chennai Metro worth Rs 1,147 crore (HCC's share Rs 585 crore).

As part of its strategic initiatives in FY21, HCC has completed Rs 3,300 crore of asset sales, conciliations and monetization of awards. HCC Concessions Ltd had completed the sale of Farakka-Raiganj Highways Ltd to Cube Highways and Infrastructure II Pte Ltd on September 22, 2020, with an enterprise valuation of Rs 1,508 crore, comprising debt of Rs 905 crore and an equity valuation of Rs 603 crore. The Company also concluded its conciliation with NHAI for all disputes concerning Baharampore-Farakka Highways Ltd (BFHL) and FarakkaRaiganj Highways Ltd (FRHL). The SPVs entered into settlement agreements with NHAI for a comprehensive closure of all outstanding disputes and claims between the parties for a total amount of Rs 1,259 crore. The settlement amounts have been realized by BFHL and FRHL. The proceeds of conciliation shall be used to expedite completion of our key projects and to strengthen HCC's participation in future works of nation-building.

HCC has embarked on a comprehensive debt resolution plan which will substantially deleverage the Company and place it on strong footing to grow. The Resolution Plan is expected to get implcmcntcd in Q2 FY22 with all the formalities having been completed, and with lenders currently in the process of procuring their final board approvals.

Performance of HCC subsidiaries:

Steiner AG: Steiner AG reported revenues of CHF 705 million (Rs 5,655 crore) in the financial year 2020-21 as compared to CHF 802 million (Rs 5,779 crore) in the previous year (restated) and a profit of CHF 3.6 million (Rs 30 crore) as compared to a net profit of CHF 28.0 million (Rs 202 crore) in the previous year (restated). The Company secured fresh orders worth CHF 575 million (Rs 4,454 crore). The order book stood at CHF 1.32 billion (Rs 10,225 crore) at the end of the financial year. In addition to this, the Company has secured orders for CHF 13 million (Rs 101 crore), where contracts are yet to be signed.

HCC Concessions Ltd: FY21 turnover of Baharampore Farakka Highways Ltd (BFHL) grew 16% to Rs 167.8 crore, despite the impact of COVID19. BFHL registered turnover of Rs 55.3 crore in Q4 FY21 vs Rs 38.3 crore in Q4 FY20, a y-o-y increase of 44.5%. With the completion of an additional stretch, BFHL's toll rates have been enhanced by -20% from May 14, 2021 onwards. On March 30, 2021, BFHL and FRHL entered into settlement agreements with NHAl for Rs 405 crore and Rs 854 crore respectively. The settlement amounts have been realized by both the SPVs.

Shares of HINDUSTAN CONSTRUCTION CO.LTD. was last trading in BSE at Rs.13.71 as compared to the previous close of Rs. 14.43. The total number of shares traded during the day was 3713026 in over 5396 trades.

The stock hit an intraday high of Rs. 14.95 and intraday low of 13.71. The net turnover during the day was Rs. 51686755.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Nalin Lease Finance Ltd posts net profit of Rs. 49.61 lakhs in Q1FY22

VTM Ltd Q1FY22 PAT at Rs. 2.65 crore

Nahar Polyfilms Ltd Q1FY22 consolidated net profit higher at Rs. 17.71 crore

Continental Chemicals Ltd Q1FY22 PAT at Rs. 3.31 lakhs

RBL Bank Ltd Q1FY22 consolidated loss at Rs. 462.25 crore

La Tim Metal & Industries Ltd Board approves Dividend of Rs. 0.50

PTL Enterprises Ltd to buy shares of Apollo Tyres Ltd for Rs. 50 crore

Sri.k.T.Rama Rao formally inaugurates Pokarna's brand new quartz surface plant in Telangana

WABAG expands Global footprint with technologically advanced Oil & Gas order worth 165 Million USD in Russia

NCC Limited receives four new orders totaling to Rs. 1679 crore

Orient Cement Ltd posts net profit of Rs. 89.45 crore in Q1FY22

Kreon Finnancial Services Ltd Q1FY22 PAT at Rs. 28.49 lakhs

Nahar Capital and Financial Services Ltd Q1FY22 consolidated PAT zooms to Rs. 58.31 crores

Nitta Gelatin India Ltd posts Q1FY22 consolidated PAT of Rs. 3.36 crore

JMC Projects India Ltd Q1FY22 consolidated loss at Rs. 10.15 crore

Ritesh International Ltd Q1FY22 net profit at Rs. 29.88 lakhs

Nahar Spinning Mills Ltd Q1FY22 PAT surges to Rs. 100.33 crore

Pratiksha Chemicals Ltd Q1FY22 PAT at Rs. 10.81 lakhs

Terraform Magnum Ltd Q1FY22 loss at Rs. 1.54 lakhs

HB Stockholdings Ltd Q1FY22 consolidated PAT jumps to Rs. 11.95 crore

La Tim metal and Industries Ltd posts surge in Q1FY22 consolidated PAT to Rs. 8.52 crore

Atul Auto Limited has sold 1305 vehicles in July 2021

Ramkrishna Forgings Limited wins domestic multi-year order from Foreign Multinational Tier 1 OEM worth INR 51 Crores

ABB India partners with Audi India to provide charging solutions for their newly launched, fully electric Audi e-tron and Audi e-tron Sportback

TCS Enables Post-Merger Integration of GE Transportation into Wabtec

Coral India Finance and Housing Ltd Q1FY22 net profit higher at Rs. 4 crore

Suryalakshmi Cotton Mills Ltd Q1FY22 PAT at Rs. 6.82 crore

Carborundum Universal Ltd posts consolidated Q1FY22 PAT of Rs. 77.13 crore in Q1FY22

Teesta Agro Industries Ltd Q1FY22 net profit at Rs. 32.53 lakhs

Emami Ltd reports consolidated PAT of Rs. 77.79 crore in Q1FY22

Avadh Sugar and Energy Ltd posts Rs. 18.94 crore PAT in Q1FY22

Simplex Mills Company Ltd Q1FY22 PAT at Rs. 0.25 lakhs

Kalyani Steels Ltd Q1FY22 consolidated PAT at Rs. 69.94 crores

Bajaj Auto Limited posts 44% YoY jump in July 2021 sales volume

SML ISUZU Ltd reports 79% YoY increase sales during July 2021

Varun Beverages Ltd board recommends interim dividend of Rs. 2.50

Arihant Superstructures Limited to purchase 6.67 acres in Kalyan

CRISIL revises rating outlook of Motilal Oswal Financial Services Ltd's subsidiaries

Mahindra's Farm Equipment Sector Sells 25769 Units in India during July 2021

TVS Motor Company registers 10% growth with sales of 278,855 units in July 2021

Birlasoft Limited named a Top 15 Sourcing Standout by ISG

Wonderla Bangalore Park is all set to open from 12th August

Victory Paper & Boards India Limited to change name, to set up private Industrial Park

Steel Strips Wheels Ltd crosses 300 Crores monthly sales for the first time in July 2021

Mahindra Auto Registers growth of 91% in passenger vehicle sales, Overall sales at 42983 vehicles in July 2021

HB Portfolio Ltd Q1FY22 consolidated PAT climbs to Rs. 2.81 crore

Varun Beverages Ltd Q2CY21 consolidated PAT zooms to Rs. 308.16 crores

HDFC Q1FY22 consolidated PAT slips QoQ to Rs. 5041.17 crores

Patel Engineering bags Luhri Hydro Electric project order for Rs. 976.50 crore

Man Industries India Limited receives new order worth approx. Rs. 200 crores

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020