Quarterly Results: NCC Ltd
Bhagyashree Vivarekar / 09 Nov 2016
NCC Ltd., is currently trading at Rs. 78.2, down by 7.8 points or 9.07% from its earlier closing of Rs. 86 on the BSE. The company's net profit too has eroded 17.8% yoy to Rs 45.6 cr triggered by 52% yoy drop in other income.
Technical View:
NCC Ltd., is currently trading at Rs. 78.2, down by 7.8 points or 9.07% from its earlier closing of Rs. 86 on the BSE.
The scrip has touched a high and low of Rs. 80.8 and Rs. 71.2 respectively, after opening at 78. By far 9618508(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
NCC Ltd’s Q2FY17 standalone numbers have come in below street estimates. Net revenue for the period stands at 5.2% lesser than our estimate of Rs 2054 cr. EBITDA has come in 2% lower than our estimated figure of Rs 175 cr. Net profit for the period is 20% lesser than the estimated figure of Rs 57 cr.
The quarter's net revenue has dropped 7.1% yoy to Rs 1,948 cr.
NCC's EBITDA has plunged 7.6% yoy to Rs 171 cr and EBITDA margins have improved 62 bps yoy to 8.8%.
The company's net profit too has eroded 17.8% yoy to Rs 45.6 cr triggered by 52% yoy drop in other income.
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