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NCC Q3 PBT down 75% at Rs 64.83 crore over decline in revenue

There was a 33.16 per cent decrease in total income of the company at Rs 2,282.98 crore during the period under review as compared with Rs 3,415.64 crore in the corresponding previous quarter

Construction firms, steel firms, cement firms
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Construction firms, steel firms, cement firms

BS Reporter Hyderabad
Hyderabad-based construction company NCC Limited has reported a 75 per cent decline in profit before tax (PBT) at Rs 64.83 crore for the quarter ended December, 2019 as compared to Rs 256.30 crore in the corresponding quarter previous year, on the back of fall in revenues.

There was a 33.16 per cent decrease in total income of the company at Rs 2,282.98 crore during the period under review as compared with Rs 3,415.64 crore in the corresponding previous quarter. Expenditure declined 29.75 percent to Rs 2,218.47 crore from Rs 3,157.84 crore in the year ago period. The company, however, improved