NCC profit grows 40% in Q3 FY24

Hyderabad: NCC Limited has reported 40 per cent growth in its consolidated net profit at Rs 220.65 crore in October-December quarter (Q3) of FY 2023-24, over Rs 157.70 crore in the same quarter previous year.

The company has witnessed 33 per cent rise in turnover at Rs 5,287.74 crore (including other income) in Q3 FY24 as against Rs 3,963.73 crore in the corresponding quarter of the previous year.

During April-December, 2023, the company has reported 13 per cent surge in net profit at Rs 471.53 crore when compared to Rs 418.53 crore in the corresponding nine-month period previous year.

Its turnover also increased 35 per cent to Rs 14,440.86 crore (including other income) in the first nine months of this fiscal over Rs 10,719.64 crore in the corresponding nine months of the previous year.“In Q3 FY24, the company has secured orders aggregating to Rs 796 crore and the order book stood at Rs 57,440 crore on a consolidated basis,” AAV Ranga Raju, MD of NCC Limited said.