Hyderabad-based construction company NCC Limited announced its net profit of Rs 52.3 crore for the quarter ended 30th June 2016, up by 26 per cent, against a profit of Rs. 41.4 crore for the corresponding quarter of the previous year on a standalone basis.
This Hyderabad-based infrastructure as well as construction company achieved a turnover of Rs. 1,929.7 crore (this also includes other income) during the Q1 of this fiscal (2016-17) as compared to Rs. 1,775.2 crore in the corresponding quarter of the previous fiscal, resulting in a growth of 8.70 per cent.
The company has also reported EBIDTA of Rs. 165.7 crore in the first quarter of FY17 against Rs. 158.3 crore in the same quarter of the previous year. The EPS of the Company stood at Re 0.94 against Re 0.75.
In the first quarter of the current financial year, NCC has bagged orders aggregating Rs. 3,620 crore and the order book is at Rs. 19,045 crore as at the end of the Q1 FY17. There is a growth in the order book by 8 per cent in the first quarter of the current fiscal, according to a statement from A.Ranga Raju, Managing Director of NCC.
By the end of today’s trading session NCC share price closed its trading at Rs 82.30, up by 6.39 per cent on the back of a good Q1 results. The share price touched a high of Rs 83.05 and a low of Rs 76.65 intraday. A total of 87,86,110 shares of the Company have exchanged hands on the counter of NSE in today’s trading session.
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