Moneycontrol
Feb 14, 2018 01:10 PM IST | Source: Moneycontrol.com

NCC gains nearly 10% on robust Q3 numbers

The company's Q3 net profit jumped 72.2 percent to Rs 100.4 crore on strong operational performance.

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Share price of construction company NCC rose nearly 10 percent intraday Wednesday on the back of robust third quarter (Q3FY18) numbers.

The company's Q3 net profit jumped 72.2 percent to Rs 100.4 crore on strong operational performance.

It had posted net profit of Rs 58.3 crore in December 2016.

Revenue from operations fell 2.8 percent to Rs 1,851 crore while operating profit jumped 46.4 percent to Rs 255.1 crore and margin expanded 470 basis points to 13.8 percent, YoY.

Profit was despite one-time loss at Rs 30 crore for the quarter against loss of Rs 7.8 crore in year-ago.

At 13:06 hrs NCC was quoting at Rs 129.90, up Rs 11.40, or 9.62 percent on the BSE.

Posted by Rakesh Patil
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