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Last Updated : Nov 08, 2016 05:12 PM IST | Source: CNBC-TV18

NCC Q2 profit seen flat at 56 cr, interest cost may fall

Construction company NCC is expected to report profit at Rs 56 crore for July-September quarter against Rs 54 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.

 
 
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Construction company NCC is expected to report profit at Rs 56 crore for July-September quarter against Rs 54 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.


Revenue as well as EBITDA during the quarter are seen falling 4 percent each year-on-year to Rs 2,019 crore and Rs 177 crore, respectively. Operating profit margin is expected to be flat at 8.8 percent in Q2.

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Interest cost is expected to reduce during the quarter, led by repayment of debt.


Key factors to watch out for would be progress on asset monetisation, debt levels and working capital cycle.

NCC in its FY17 guidance said order inflow will be at around Rs 12,000 crore and revenue growth will be 10 percent. It also has target to reduce debt by Rs 100 crore and is likely to report margin of 9.25-9.5 percent during the year.

First Published on Nov 8, 2016 05:12 pm
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