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Published on 14/02/2018 3:33:36 PM | Source: Dion Global Solutions Ltd

NCC Q3 net profit jumps 72.23% at Rs 100.36 cr

The company reported standalone net profit of Rs 100.36 crore for the quarter ended December 31, 2017 as compared to Rs 58.27 crore in the same period last year, registering a year-on-year growth of 72.23 per cent. Net revenue of the company declined marginally by 2.77 per cent at Rs 1,850.69 crore in October-December quarter of this fiscal as against Rs 1,903.48 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 7.74 per cent to Rs 1,595.57 crore from Rs 1,729.44 crore in year ago period.

Other Income dipped by 28.53 per cent at Rs 28.08 crore versus (Dec'16 Rs 39.29 crore). Operating Profit surged by 46.44 per cent to Rs 255.12 crore as against Rs 174.21 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 50.71 per cent in December quarter. Interest grew by 3.40 per cent y-o-y to Rs 104.32 crore, while Taxation increased by 3.64 per cent at Rs 18.78 crore (Dec'16 Rs 18.12 crore).