 "Asset sale proceeds to aid NCC Limited bottom-line in the second half of FY16")
Hyderabad-based construction company NCC Limited has reported a 72 percent jump in standalone net profit at Rs 1 billion for the quarter ended December 2017 on the back of increased gross profit margin.
The company revenues, however, declined 3.5 percent to Rs 18.79 billion during the quarter under review as compared with Rs 19.43 billion in the corresponding quarter previous year.
It has reported an EPS of Rs 1.81 for the third quarter as compared to Rs 1.05 per share in the year-ago period.
NCC managing director A Ranga Raju said that the company has been planning to enhance business in its core
