Shares of Hindustan Construction Company (HCC) today fell over 4 per cent after the company posted nearly 50 per cent decline in its standalone net profit for the September quarter.
The stock came down by 4.19 per cent to end at Rs 37.75 on the BSE. Intra-day, it lost 5.71 per cent to Rs 37.15.
On the NSE, shares of the company dipped 4.18 per cent to close at Rs 37.75.
On the equity volume front, 22.62 lakh shares of the company were traded on the BSE and over 1 crore shares changed hands on the NSE during the day.
The infrastructure firm's standalone net profit nosedived by 49.74 per cent to Rs 11.60 crore for the quarter ended on September 30, 2017, compared to Rs 23.08 crore in the same quarter of the previous fiscal.
Total income during the July-September quarter rose to Rs 1,031.93 crore, from Rs 972.01 crore in the year-ago period, HCC said in a filing to the BSE yesterday.
Total expenses too increased to Rs 1,014.43 crore in the quarter over Rs 939.35 crore in the year-ago period.
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