Infrastructure company, Hindustan Construction Company (HCC) said on Friday that it has seen a profit figure of Rs. 42.97 crore for the fourth quarter ending March 31, 2010. The figure has dropped significantly as compared to the same during last fiscal when it was Rs. 51.36 crore.

HCC is into the business of engineering and construction and came to limelight because of its work in the Bandra-Worli Sea Link in Mumbai.

In its filing, the company said that the adoption of new accounting standards was the reason behind this fall. And so, the figures for the current year should not be compared to the same for last year.

A total income of Rs 1,091.70 crore from operations was reported by the firm for the fourth quarter. The same was Rs 1,049.86 crore during the same time-period for last fiscal.

For the full year ending March 31, HCC posted a profit figure of Rs. 81.43 crore which was Rs. 125.43 crore during the last fiscal. It saw an income of Rs. 3,862.97 crore as against Rs. 3,518.31 crore for last fiscal.

It has already recommended a dividend of Rs. 0.80 per share and saw its share price go up.