NBCC slips 3% as consolidated profit for June quarter plunges 88% YoY

NBCC's sales for the quarter declined 64.10 per cent to Rs 676.95 crore.

Shares of NBCC slipped nearly 3 per cent on the BSE on Tuesday, a day after the company posted an 87.87 per cent drop in its consolidated net profit at Rs 5.93 crore for the quarter ended June 2020. The company had logged a profit of Rs 48.90 crore in the year-ago period.  

At 02:25 PM, the stock was trading over 2 per cent lower at Rs 26.65 against Monday's close of Rs 27.25. During the day, stock hit a low of Rs 26.50. In comparison, the benchmark S&P BSE Sensex was trading 0.57 per cent higher at 38,977.32 levels.