BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
NCC Ltd. reported a decent set of Q2 FY21 numbers.
Topline declined 11% YoY to Rs 1,541 crore, largely impacted by slower execution amid disruptions caused by Covid-19 pandemic and heavy monsoon.
However, various cost measures initiatives drove operating margin performance (to 13.6%, up 16 basis points YoY, 381 basis points QoQ.
Reported profit after tax of Rs 58.4 crore (down 27% YoY) was better than our estimate led by operating profit beat.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.