NCC slumps after poor Q3 outcome

NCC lost 5.96% to Rs 24.45 at 10:53 IST on BSE after consolidated net profit declined 61.58% to Rs 4.76 crore on 22% growth in turnover to Rs 1903.18 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Wednesday, 12 February 2014.

Meanwhile, the S&P BSE Sensex was down 90.41 points or 0.44% at 20,358.08.

On BSE, so far 1.87 lakh shares were traded in the counter as against average daily volume of 3.22 lakh shares in the past one quarter.

The stock hit a high of Rs 25.50 and a low of Rs 24.10 so far during the day. The stock had hit a 52-week low of Rs 16.55 on 4 September 2013. The stock had hit a 52-week high of Rs 43.55 on 20 February 2013.

The stock had underperformed the market over the past one month till 12 February 2014, sliding 10.81% compared with the Sensex's 1.49% fall. The scrip had, however, outperformed the market in past one quarter, advancing 4% as against Sensex's 0.82% rise.

The small-cap company has equity capital of Rs 51.31 crore. Face value per share is Rs 2.

NCC's consolidated EBITDA (earnings before interest, taxation, depreciation and amortization) rose 15.01% to Rs 204.17 crore in Q3 December 2013 over Q3 December 2012.

In the current year, the company has so far secured orders aggregating Rs 5865 crore and the order book stood at Rs 19612 crore as on 31 December 2013, NCC said in a statement.

NCC's range of business verticals comprising of buildings & housing, transportation, water & environment, irrigation, power, electricals, metals, oil & gas and international business reflect an expertise positioned to capture every infrastructure upturn.

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