NBCC's Q4FY16 consolidated net profit rises 5.87% yoy to Rs.141.48 crore : Beats Estimates

India Infoline News Service | Mumbai | May 16, 2016 15:10 IST

The company’s consolidated revenue stood at Rs. 2,313.38 crore, up 108.68% yoy and 69.78% qoq.

National Buildings Construction Corporation (NBCC), construction firm, reported consolidated net profit of Rs. 141.48 crore for the quarter ended March 31, 2016, registering growth of 5.87% yoy and 147% qoq. The company’s revenue stood at Rs. 2,313.38 crore, up 108.68% yoy and 69.78% qoq.

Its consolidated core operating profit of Rs. 181.58 crore for the quarter, clocked growth of 10.35% yoy and 201.08% qoq. Operating profit margin for the current quarter at 7.85% contracted by 699 bps yoy but expanded by 342 bps qoq.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 311.13 crore, growing by 11.81% yoy. Its consolidated revenue for the period stood at Rs. 5,838.27 crore, registering growth of 32.69% yoy.

National Buildings Construction Corporation Ltd's core operating profit stood at Rs. 349.02 crore, recording growth of 22.06% yoy. Operating margin for the current period at 5.97% contracted by 53 bps yoy.

On standalone basis,National Buildings Construction Corporation Ltd, reported standalone net profit of Rs. 138.69 crore for the quarter ended March 31, 2016, registering growth of 3.53% yoy and 132.77% qoq. The company’s revenue stood at Rs. 2,303.27 crore, up 27.51% yoy and 61.52% qoq.

Its standalone core operating profit of Rs. 178.84 crore for the quarter, clocked growth of 8.09% yoy and 191.08% qoq. Operating profit margin for the current quarter at 7.76% contracted by 140 bps yoy but expanded by 345 bps qoq.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 308.79 crore, growing by 11.35% yoy. Its standalone revenue for the period stood at Rs. 8,307.13 crore, registering growth of 77.54% yoy.

National Buildings Construction Corporation Ltd's core operating profit stood at Rs. 346.15 crore, recording growth of 20.61% yoy. Operating margin for the current period at 4.95% contracted by 118 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 2313.38 2139.19 8.14
Consolidated Net Profit 141.48 91.24 55.06

Bloomberg estimated the company’s standalone net profit at Rs. 152.95 crore.

Stock Commentary:

National Buildings Construction Corporation Ltd is currently trading at Rs. 982.75, up by 0.8 points or 0.08% from its previous closing of Rs. 981.95 on the BSE.

The scrip opened at Rs. 992.9 and has touched a high and low of Rs. 1001.85 and Rs. 964.7 respectively. So far 249359(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11783.4 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1214.5 on 06-Aug-2015 and a 52 week low of Rs. 706.5 on 09-Jun-2015. Last one week high and low of the scrip stood at Rs. 988.95 and Rs. 943.05 respectively.

The promoters holding in the company stood at 90 % while Institutions and Non-Institutions held 3.43 % and 6.57 % respectively.

The stock is currently trading below its 200 DMA.



***Note: This is a NSE Chart

 

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