NCC net declines 61%

The net profit of NCC Limited, a construction company, declined 61 per cent to Rs 11.35 crore during the second quarter of the current financial year from Rs 29.35 crore in the corresponding quarter of the previous year. The company reported a consolidated turnover of 1,639.19 crore during the quarter under consideration as against Rs 1,492.73 crore in the same quarter last year, a growth of 10 per cent.