NCC Expects Profit, EBITDA To Improve Going Ahead
  • WebDesk BTVI
  • Aug 13 2019

NCC, earlier known as Nagarjuna Construction Company, posted weak June quarter numbers, with consolidated net profit down 27.3 per cent year-on-year to Rs 74.7 crore, revenue down 6.6 per cent at Rs 2,347 crore and EBITDA margin at 11.9 per cent vs 12.3 per cent. Speaking to BTVI, YD Murthy, Executive VP-Finance at NCC, attributed the fall in Q1 profit to general elections. He expects profit and EBITDA to improve going ahead. Here's more.