HCC, the engineering construction and infrastructure development company, has posted a rise of 94.47 per cent in its net profit for the quarter ended March, 31,2009, at Rs 51.36 crore compared with Rs 26.41 crore in the corresponding previous quarter. The company's net sales during the quarter dipped to Rs 1,049.86 crore from Rs 1,071.73 crore last year, down by 2.04 per cent.
For the year ending March 31,2009, the company posted a rise of 15.24 per cent at Rs 125.34 crore against Rs 108.76 crore last year. The net sales grew to Rs 3,518.31 crore from Rs 3,104.34 crore, up 13.34 per cent.
Ajit Gulabchand, chairman and managing director, HCC, said, "Despite a difficult year,the company registered overall healthy growth across business segments. Looking ahead, while the economic slowdown remains a concern, we are confident of keeping a healthy pace of growth on the basis of a strong order book."
On the Bombay Stock Exchange, the company's share price were trading at Rs 59.15, up 2.42 per cent at IST 1333.
