NCC soars after robust Q3 results

NCC rose 15.15% to Rs 72.95 at 13:27 IST on BSE after consolidated net profit surged 438.32% to Rs 25.57 crore on 40.27% increase in total income to Rs 2669.65 crore in Q3 December 2014 over Q3 December 2013.

The result was announced during trading hours today, 11 February 2015.

Meanwhile, the BSE Sensex was up 226.59 points, or 0.80%, to 28,582.21.

On BSE, so far 33.64 lakh shares were traded in the counter, compared with an average volume of 12.90 lakh shares in the past one quarter.

The stock hit a high of Rs 73.70 and a low of Rs 64.40 so far during the day. The stock hit a 52-week high of Rs 90.25 on 22 December 2014. The stock hit a 52-week low of Rs 14.24 on 20 February 2014.

The stock had underperformed the market over the past one month till 10 February 2015, falling 19.91% compared with 3.27% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 11.53% as against Sensex's 1.73% rise.

The mid-cap company has an equity capital of Rs 111.19 crore. Face value per share is Rs 2.

On a consolidated basis, NCC's turnover rose 40% to Rs 2669.65 crore in Q3 December 2014 over Q3 December 2013. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 34.79% to Rs 275.20 crore in Q3 December 2014 over Q3 December 2013.

In the current year, NCC secured orders aggregating Rs 6465 crore in the first nine months and the order book stood at Rs 20755 crore as of 31 December 2014, the company said in a statement.

NCC is a construction company. The group undertakes civil and structural infrastructure projects, real estate development and light engineering projects.

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