NBCC: Sustainability To Be Key, Says ICICI Direct 
Mother Teresa Bhavan, SVNIT, Surat developed By NBCC India Ltd.(image Company website)

NBCC: Sustainability To Be Key, Says ICICI Direct 

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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

NBCC India Ltd. witnessed a decent recovery in the overall performance in Q3 FY21 YoY and QoQ but is still far away from its normalised show of FY17, FY18.

During Q3 FY21, consolidated revenue improved 9% YoY (to Rs 2,103.6 crore) largely driven by a pick-up in execution seen in project management consultancy (up 10.7% YoY; contribution: 94.7%) and real estate divisions (revenue doubled; contribution: 1.5%).

Ebitda margin was up 169 basis points YoY at 3%. At the net level, healthy operating show coupled with lower tax outgo translated to doubling of profit after tax to Rs 94 crore.

Click on the attachment to read the full report:

ICICI Direct NBCC Company Update.pdf

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