NBCC up 11% despite a 68% fall in standalone net profit for March quarter

Sales declined 33.29 per cent to Rs 1,569.57 crore as against Rs 2,353 crore in the corresponding quarter of the previous fiscal.

Shares of NBCC (India) climbed as much as 11 per cent on the BSE on Tuesday, a day after the company announced its March quarter results for the financial year 2019-20 (FY20).

At 09:58 am, the stock was trading around 7 per cent higher at Rs 26.95 on the BSE. In comparison, the S&P BSE Sensex was trading flat at 36,544.52 levels, up just 0.16 per cent. 

For the quarter under review, the company's standalone net profit declined 68.24 per cent to Rs 48.52 crore as against Rs 152.75 crore in the year-ago period. Sales declined 33.29 per cent to