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NCC Q2 profit seen up 63% to Rs 36 cr, topline may fall 19%

PAT may get additional boost from lower interest expenses on reduced debt levels and interest rate. Interest expenses may come down by Rs 40 crore to Rs 120 crore due to right issues.

November 10, 2015 / 10:54 AM IST
 
 
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Hyderabad-based construction company NCC's July-September quarter profit is likely to increase 63 percent year-on-year to Rs 36 crore, according to average of estimates of analysts polled by CNBC-TV18.

PAT may get additional boost from lower interest expenses on reduced debt levels and interest rate. Interest expenses may come down by Rs 40 crore to Rs 120 crore due to right issues.

Revenue is seen falling 19 percent to Rs 1,821 crore during the quarter from Rs 2,246 crore in year-ago period due to lower execution at power plant.

Operating profit may decline 13 percent year-on-year to Rs 158 crore but margin may expand 60 basis points to 8.7 percent as new orders better priced in September quarter.