NCC Q3 Results Review: IDBI Capital Downgrades Rating To 'Hold', Revises Target Price — Here's Why

NCC anticipates new opportunities in Andhra Pradesh for capital city development and has secured a new order for a river interlinking project, with expectations of more orders from this segment. .NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.NCC Ltd.’s Q3 FY25 PAT came in 20% below consensus estimates. Revenue declined by 2% YoY for the quarter, impacted by lower turnover and delayed receivables. Ebitda margin was also affected due to lower turnover, leading the company to revise its margin guidance to 9.25% for FY25. NCC anticipates new opportunities in Andhra Pradesh for capital city development and has secured a new order for a river interlinking project, with expectations of more orders from this segment. We have downgraded our rating to Hold, revising the target price to Rs 268, valued at 13x FY27E EPS. Q3FY25 order inflow stood at Rs 84 billion, with 9M FY25 inflow at Rs 136 billion. The company expects an additional order inflow of Rs 70- 90 billion for FY25 and has an level-one pipeline of nearly Rs 90 billion. The key catalyst for the stock remains improvement in execution and stability in Ebitda margins..Click on the attachment to read the full report:.PVR-INOX Q3 Review — Weak Quarter Despite An All-Time Blockbuster Release; Motilal Oswal Reiterates 'Neutral' .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NCC Q3 Results Review: IDBI Capital Downgrades Rating To 'Hold', Revises Target Price — Here's Why

IDBI Capital downgrades rating to Hold, revises the target price to Rs 268, valued at 13 times FY27E earnings per share.

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