NCC shares sink 15% as Q3 profit declines 12.5% YoY, margins contract
NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024.
The stock decline followed NCC's earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed firm posted a net profit of Rs 193.2 crore for the quarter ended December 31, 2024, down from Rs 220.7 crore a year earlier, according to a regulatory filing.
Revenue from operations rose marginally by 1.6% to Rs 5,344.5 crore in the December quarter, from Rs 5,260 crore in the same period last year. However, at the operating level, the company saw a sharper decline, with EBITDA dropping 16.6% to Rs 420.9 crore from Rs 504.4 crore a year ago.
EBITDA margin contracted to 7.9% in the third quarter, from 9.6% in the corresponding quarter last year, reflecting cost pressures and potential execution challenges.
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