Hindustan Construction Company (HCC), one of the India's leading infrastructure companies, witnessed a rise in share price on Friday after the company disclosed a sharp rise in standalone net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 5.69 times to Rs 384.40 million from Rs 67.60 million in the same quarter last year.
Revenues for the quarter rose marginally 1.77% to Rs 9,797.90 million, compared with Rs 9,627 million for the prior year period.
Operating margin for the quarter stood at 18.66 percent as compared to 18.29 percent for the previous year period. Operating Income for the quarter was Rs 1,828.70 million, compared with Rs 1760.4 million in the previous year period.
Shares of Hindustan Construction Company are trading at Rs 27.40, up Rs 0.90, or 3.40% at the Bombay Stock Exchange (BSE) on Friday at 11:11 a.m.
Total volume of shares traded on the bourses today was lower by 19.28% to 9,424,135 compared with 22-day average volume of 11,674,598.