Press Release
HCC Group’s turnover crosses Rs 7,000 crore mark in FY2010-11
Mumbai: April 29, 2011: The HCC Group’s turnover crossed the Rs 7,000 crore mark in FY 20102011, receiving a significant contribution from the recently acquired Switzerland-based company,
Karl Steiner AG.
HCC audited standalone financial results highlights:
For the quarter ended March 31, 2011
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For the year ended March 31, 2011
Turnover up 10.8% to Rs 1,209.7 crore from
Rs 1,091.7 crore last year
Operating (EBITDA) margins increased to
14.4% from 11.5%
EBITDA up 39.2% at Rs 173.6 crore
compared to Rs 124.7 crore
PAT at Rs 22.6 crore
HCC’s order book position stands at
Rs 18,127 crore
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Turnover up 7.3% to Rs 4,144.0 crore from
Rs 3,863.0 crore last year
Operating (EBITDA) margins increased to
13.2% from 12.2%
EBITDA up 21.9% at Rs 539.8 compared
to Rs 442.9 crore
PAT at Rs 71.0 crore
HCC Board declares dividend of 40 paise per share, maintains payout.
Performance of HCC’s subsidiaries
Karl Steiner AG, the second largest total and general contracting company in Switzerland
involved in developing real estate projects, new construction and renovation projects, was
acquired by HCC eleven months ago. KSAG has reported turnover of Rs 2,719.9 crore and profit
after tax of Rs 12.2 crore (for the period May 5, 2010 - March 31, 2011). Further the order book
has substantially increased to Rs 4,957.7 crore from Rs 3,569.7 crore and projects worth Rs
1,996.7 crore were awarded but contracts are yet to be signed. HCC is focused on improving
KSAG’s Swiss operations and plans to leverage its expertise in European, India and the Middle
East markets.
Lavasa Corporation: Lavasa Corporation’s performance has been adversely impacted by the
Ministry of Environment and Forest’s (MOEF) order to stop work. Lavasa’s year ended FY20102011 turnover marginally increased to Rs 533.7 crore from Rs 478.6 crore in the last year. The
company has reported a net profit of Rs 111.9 crore against Rs 140.2 crore previous year.
HCC Infrastructure: The current asset portfolio stands at Rs 5,500 crore, which includes six NHAI
road concessions. During the year, the award winning Delhi-Faridabad Elevated Expressway
(dfskyway) became operational in November and the Dhule Palesner Highway project continued
execution well ahead of schedule. Further, 15% construction work was completed for the West
Bengal (NH 34) highway project.
About HCC:
The HCC Group is a global engineering & construction player and a pioneer in urban infrastructure
development. HCC has executed a majority of India’s landmark infrastructure projects, having constructed
over 25% of India’s hydro-power and over 50% of India’s nuclear power generation capacities, 2,300 km of
roads and expressways, and over 170 km of complex tunneling in addition to 100’s of bridges, dams, and
barrages. Recent projects include the Bandra Worli Sea Link, and India’s largest nuclear power plant at
KudanKulam. At present HCC’s BOT assets under management exceed 5,500 cr. The group is developing
Lavasa, free India’s planned hill city spread across 23,014 acres – 1/5th the size of Greater Mumbai. HCC is
headquartered in Mumbai and is listed on the BSE and NSE. The HCC Group of companies includes HCC
Ltd, HCC Infrastructure Ltd, HCC Real Estate Ltd, Lavasa Corporation Ltd and Karl Steiner, AG.
Information:
Sandeep Sawant, HCC Ltd.
+91 98339 92874; sandeep.sawant@hccindia.com
Kartik Upadhyay, VCCPL
+919833452757; kartik.upadhyay@vaishnaviadvisory.com