BackNCC Q3 profit jumps fourfold to Rs25.6 crore
The company reported a net profit of `4.8 crore in the year-ago period
Premium
Infrastructure firm NCC Ltd on Wednesday posted a fourfold increase in net profit to ₹ 25.6 crore on a consolidated basis in the quarter ended 31 December on account of improved execution and better order flow.
The company reported a net profit of ₹ 4.8 crore in the year-ago period.
Total income from operations rose 41% to ₹ 2,652.9 crore compared with ₹ 1,882.4 crore in the year-earlier period.
The company said that it has secured orders worth ₹ 6,465 crore in the first nine months of the fiscal year. The total order book of the company on 31 December stood at ₹ 20,755 crore.
Shares of NCC gained 19.97% and are trading at ₹ 76 at 3.30pm on BSE, while the benchmark Sensex rose 0.63% to 28,533.97 points.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
