NBCC (India) Ltd's Q2FY19 standalone net profit rises 16% yoy to Rs85.96cr

The company’s standalone revenue stood at Rs1,582.06cr, up 39.67% yoy.

Nov 15, 2018 06:11 IST India Infoline Research Team

National Buildings Construction Corporation Ltd Q2FY19

Standalone Results Q2FY19: (Rs. in cr)

Q2FY19 YoY (%)
Revenue 1,582.06 39.7
EBITDA 123.53 17.3
EBITDA Margin (%) 7.8 [149]
Net Profit  85.96 16.0
***EBITDA margin change is bps

NBCC (India) Ltd's revenue in Q2FY19 grew 39.7% yoy to Rs1,582.06cr vs. Rs1,132.72cr in Q2FY18. EBITDA for the quarter rose 17.3% yoy to Rs123.53cr against Rs105.32cr. The EBITDA margin declined 149bps yoy to 7.8%. Net profit for the quarter increased 16% yoy to Rs85.96cr against Rs74.12cr in the corresponding quarter last year.

• PMC revenue grew 38.8% yoy to Rs1,392.43cr in Q2FY19 against Rs1,003.54cr in Q2FY18.
• Real Estate revenue rose 266.2% yoy to Rs53.32cr in Q2FY19 vs. Rs14.56cr in Q2FY18.
• EPC revenue declined 13.6% yoy to Rs95.34cr against Rs110.33cr in Q2FY18.

Technical View:

NBCC (India) Ltd is currently trading at Rs. 61.25, down by 4.3 points or 6.56% from its previous closing of Rs. 65.55 on the BSE.
The scrip opened at Rs. 65.40 and has touched a high and low of Rs. 65.40 and Rs. 60.50 respectively. So far 92,91,119 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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