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|---|---|---|
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NCC Ltd's consolidated net profit stood at Rs122.6cr in Q2FY19: Beats Estimates
The company’s consolidated revenue stood at Rs3,242.8cr, up 115.61% yoy.
Nov 13, 2018 10:11 IST India Infoline Research Team
NCC Ltd Q2FY19
Consolidated Results Q2FY19: (Rs. in cr)
| Q2FY19 | YoY (%) | |
|---|---|---|
| Revenue | 3,242.76 | 115.6 |
| EBITDA | 400.86 | 175.8 |
| EBITDA Margin (%) | 12.4 | 270 |
| Net Profit | 122.55 | -- |
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NCC Ltd's Q2FY19 results beat the estimates. Revenue grew by 115.6% yoy to Rs3,242.8cr against Rs1,504cr in Q2FY18, beating the estimate of Rs2,482cr. EBITDA for the quarter grew by 175.8% yoy to Rs400.9cr against Rs145.34cr. EBITDA margin grew by 270bps yoy to 12.4%. Net profit for the quarter stood at Rs122.6cr against loss of Rs2.89cr in corresponding quarter last year, beating the estimate of Rs102cr.
• Order book of the company stood at Rs32955cr as of September 30, 2018.
Technical View:
NCC Ltd is currently trading at Rs. 89.55, up by 6.65 points or 8.02% from its previous closing of Rs. 82.90 on the BSE.
The scrip opened at Rs. 82.10 and has touched a high and low of Rs. 90.50 and Rs. 82 respectively. So far 3,06,93,866 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.
