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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 |
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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.
