231.1900 -5.22 (-2.21%)
NSE May 30, 2025 15:31 PM
Volume: 3.0M
 

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NCC Ltd.
05 Nov 2019
231.19
-2.21%
Reliance Securities
NCC Ltd. (NJCC) has reported better-than-expected operating performance in 2QFY20 despite missing our estimate on revenue front. While revenue declined by 44% YoY to Rs17.3bn vs. our estimate of Rs19.3bn, EBITDA came in ahead of estimates at Rs2.33bn (-36% YoY and -13% QoQ) vs. our estimate of Rs2.22bn. EBITDA margin improved by 170bps YoY and 127bps QoQ to 13.5% vs. our estimate of 11.5%. Notably, claims worth Rs310mn booked pertaining to three Maharashtra projects led to higher margin, adjusted for which its margin stood at 11.7%. APAT declined by 62% YoY to Rs601mn marginally ahead of estimate of Rs587mn mainly led by better operational performance. NJCC secured order worth Rs15.2bn during the quarter...
NCC Ltd. is trading above its 100 day SMA of 217.1
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