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HCC reports net increase of 33% for Q1 to Rs 14.5 crore

HCC has posted a 33.02 percent hike in the net profit for the first quarter ended June 30 to Rs 14.5 crore.

The company has posted a net profit of Rs 10.9 crore in the corresponding quarter of previous fiscal.

For the April-June quarter, the total income declined to Rs 991.1 crore from Rs 1,041.8 crore of a year ago period. The total expenses also came down by almost 5 percent from Rs 1,022.28 crore in the same period of previous year to Rs 971.63 crore in Q1 FY18.

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