Quarterly Result: NBCC (India) Ltd
Bhagyashree Vivarekar / 21 Nov 2016
NBCC Ltd is currently trading at Rs 211.65 , down 7.95 points or 3.62% from its previous close of Rs 219.6 on the BSE. The reported net profit largely remained flat as compared to Q2FY16 at Rs 67.20 crore.
Technical View:
NBCC Ltd is currently trading at Rs 211.65 , down 7.95 points or 3.62% from its previous close of Rs 219.6 on the BSE. The scrip opened at Rs 222.55 and has touched a high and low of Rs 223 and Rs 210, respectively.
Standalone Q2FY17 numbers:
NBCC (India) Ltd’s standalone Q2FY17 results were mixed as against Bloomberg estimates. The company's revenue was 4.4% lower than the estimate of Rs 1306 crore. However, its net profit was 2.3% higher than the estimated figure of Rs 66 crore.
The company's revenue for the quarter increased 17.2% YoY to Rs 1249 crore. This was led by 24% growth in PMC segment's revenue, which offset degrowth in the real estate and EPC segments.
Its EBITDA increased 11.1% YoY to Rs 72.10 crore while EBITDA margins fell by 32 bps YoY at 5.7%.
The reported net profit largely remained flat as compared to Q2FY16 at Rs 67.20 crore.
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