HCC posts superlative performance in Q3FY18
HCC standalone revenue for the quarter came in at Rs 1230.93 crore, registering an increase of 30.4% YoY.
The company's EBITDA for the quarter rose by 1.7% YoY to Rs 164 crore, with a corresponding margin contraction of 375 bps. Its EBITDA margin for the quarter stood at 13.3%. Increase in subcontracting cost in the quarter led to margin deterioration.
The PAT for the quarter jumped by almost six times to Rs 31.31 crore from Rs. 4.6 crore in corresponding quarter of last year.
The company’s order book stood at Rs 20,027 crore as of December 2017. Further, the company received Rs 1416 crore under the CCEA’s initiative to release 75 per cent of arbitration awards against bank guarantee.