NCC Share Price Tumbles After Lower Q3 Net Profit Growth
NCC's revenue saw an uptick of 1.6% at Rs 5,345 crore, compared to Rs 5,260 crore in the same period last year.
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Shares of NCC Ltd. fell sharply after the company's net profit saw lower growth in the third quarter of fiscal 2025.
The net profit of the company rose 12.4% to Rs 193 crore this year. The company had reported net profit at Rs 221 crore in the previous year.
The revenue saw an uptick of 1.6% at Rs 5,345 crore, compared to Rs 5,260 crore in the same period last year. Ebitda was up 12.8%, standing at Rs 441 crore in the third quarter, against Rs 505 crore in the same period last year. Margin also contracted to 8.2% versus 9.6% last year.
NCC Share Price
NCC stock fell as much as 14.46% during the day to Rs 203.20 apiece on the NSE. It was trading 11.43% lower at Rs 201.4 apiece, compared to a 0.02% decline in the benchmark Nifty 50 as of 9:53 a.m.
It was down 4.93% in the last 12 months. The total traded volume so far in the day stood at 15 times its 30-day average. The relative strength index was at 35.5.
Nine of the 14 analysts tracking the company have a 'buy' rating on the stock, two recommend a 'hold' and three suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 303.6, implying an upside of 44.3%.
