NCC Ltd's Q1FY19 standalone net profit rises 63.44% yoy to Rs103.67cr: Beats Estimates

The company’s standalone revenue stood at Rs2,359.60cr, up 17.18% yoy.

Aug 10, 2018 02:08 IST India Infoline Research Team

NCC Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 2,359.60 17.2
EBITDA 267.76 56.6
EBITDA Margin (%) 11.4 286
Net Profit 103.67 63.4
***EBITDA margin change is bps

NCC Ltd reported Q1FY19 results beat the estimates. Revenue grew 17.2% yoy to Rs2,359.6cr against Rs2,013.73cr in Q1FY18, beating the estimates of Rs2,229cr. EBITDA for the quarter grew 56.6% yoy to Rs267.76cr against Rs170.98cr. EBITDA margin expanded 286bps yoy to 11.4%. Net profit for the quarter grew 63.4% yoy to Rs103.67cr against Rs63.43cr last year, also beating the estimates of Rs78cr.

• ln Q1FY19, the company has secured orders aggregating to Rs4,170cr.
• Order Book stood at Rs32,792cr, including the orders of international and mining subsidiary companies of Rs2,232cr.

Technical View:

NCC Ltd ended at Rs98.65, down 1.35 points, or 1.35%, from its previous close of Rs100 on the BSE. The scrip opened at Rs100.30 and has touched a high and low of Rs103.95 and Rs96.20, respectively. A total of 3,88,15,123 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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