NCC Ltd's Q3FY19 standalone net profit rises 59.7% yoy to Rs160.23cr : Beats Estimates

The company’s standalone revenue stood at Rs3,226.48cr, up 74.34% yoy.

Feb 12, 2019 03:02 IST India Infoline Research Team

NCC Ltd Q3FY19

Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 3,226.48 74.3
EBITDA 392.48 53.8
EBITDA Margin (%) 12.2 [163]
Net Profit 160.23 59.7
***EBITDA margin change is bps

NCC Ltd reported Q3FY19 results beating the estimates. Revenue grew by 74.3% yoy to Rs3,226.48cr against Rs1,850.69cr in Q3FY18, beating the estimate of Rs2,842cr. EBITDA for the quarter grew by 53.8% yoy to Rs392.48cr against Rs255.12cr. EBITDA margin declined by 163bps yoy to 12.2%. Net profit for the quarter grew by 59.7% yoy to Rs160.23cr against Rs100.36cr last year, beating the estimate of Rs136cr.

• During the nine months period of the current fiscal, the company has secured orders of Rs12,815cr in various divisions and the order book stands at Rs34,185cr.

Technical View:

NCC Ltd ended at Rs. 83.55, up by 4.55 points or 5.76% from its previous closing of Rs. 79 on the BSE.
The scrip opened at Rs. 80.90 and touched a high and low of Rs. 84.60 and Rs. 78.10 respectively. A total of 2,61,71,378 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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