NBCC: Sustainability To Be Key, Says ICICI Direct
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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.
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