NCC Q4 Review - Strong Order Inflow To Drive Growth: Dolat Capital
High rise buildings stand under construction. (Photographer: Sanjit Das/Bloomberg)

NCC Q4 Review - Strong Order Inflow To Drive Growth: Dolat Capital

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.

Dolat Capital Report

NCC Ltd. reported revenue marginally below estimate however, Ebitda margin and adjusted profit after tax below estimates.

The company posted 20.0%/ 3.3%/ 4.6% YoY growth in revenue/ Ebitda/ profit after tax to Rs 26.2 billion/ Rs 2.9 billion/ Rs 1.2 billion due to better execution.

After adjusting Rs 202 million (Q4 FY20), adjusted profit after tax increased 28.0% YoY to Rs 1.2 billion.

We reduce our revenue and Ebitda margin estimates by 7.6% and 59 basis points for FY22E due to slower execution in Q1 FY22E and higher input cost, leading to 19.2% reduction in adjusted profit after tax estimates for FY22E.

Click on the attachment to read the full report:

Dolat Capital NCC Q4FY21 Result Update.pdf


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.