NCC Ltd’s net profit nosedives 65% to Rs 60.56 cr for Q4FY20

New Delhi: NCC Ltd’s consolidated net profit nosedived 65 percent at Rs 60.56 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 175.29 crore in the same period of the previous fiscal.  The consolidated revenues from operations of the company fell about 35 percent to Rs 2,334.41 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 3,761.08 crore in the same period of the previous fiscal.  

For the entire fiscal 2019-20, the consolidated net profit of the company declined 46 percent to Rs 314.11 crore as compared to a net profit of Rs 567.57 crore in the previous fiscal. The consolidated revenues from operations for the entire fiscal 2019-20 fell 31 percent to Rs 8,901.07 crore as compared to Rs 12,895.64 crore in the previous fiscal, the company said in a regulatory filing.

NCC Ltd is part of infra major Nagarjuna Construction Company Ltd and builds serviced apartments and residential & commercial complexes in various cities. 

 

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