NCC Q4 Review - Decent Performance; Order Book Remains Strong: ICICI Direct

Construction material sit on the building site. (Photographer Rolf Schulten/Bloomberg)

NCC Q4 Review - Decent Performance; Order Book Remains Strong: ICICI Direct

Bookmark

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 numbers in Q4 FY21 with revenue growth of 20% YoY to Rs 2617.7 crore on a standalone basis.

The topline growth was mainly driven by strong order book position and pick-up in execution.

However, operating margin declined 179 basis points YoY to 11.1% owing to higher sub-contracting expenses.

Consequently, operating profit improved merely 3.3% YoY to Rs 289.7 crore.

At the net level, a decent operating performance coupled with benign depreciation and interest cost has translated into 11.4% YoY growth to Rs 115.5 crore in adjusted profit after tax.

Click on the attachment to read the full report:

ICICI Direct NCC Q4FY21 Result Update.pdf

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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.