 "NCC's profit dips 26% to Rs 64 cr in March quarter")
NCC Limited has reported a 26 per cent decline in standalone net profit at Rs 63.71 crore in the quarter that ended on March this year as against Rs 86.22 crore in the corresponding quarter last year.
Its total income fell by 13.5 per cent at Rs 2,186.5 crore as against Rs 2,528 crore in the year-ago period.
Hyderabad-based company's consolidated net profit in FY17 has declined by nearly 90 percent to Rs 8.4 crore from Rs 81.61 crore during the previous financial year. Its consolidated total income has also come down 4.7 per cent at Rs 9,204.47 crore during 2016-17 as against Rs 9,659.51 crore in FY16.
Company has secured orders worth of Rs 9,226 crore and its order book stood at Rs 18,088 crore by the end of FY17. NCC Ltd's board of directors has recommended a 20 per cent dividend or Rs 0.40 for each share priced at Rs 2 apiece.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%