Shares of NCC came under pressure in early morning trade on February 6, slipping more than 3% after the company reported a weak set of Q3 consolidated results on a year-on-year basis. The stock reacted negatively as investors digested the sharp decline in profitability despite relatively resilient operating margins.
NCC Q3 Results: Revenue and Profitability Under Pressure
For the December quarter, NCC reported consolidated revenue of ₹4,868 crore, marking a decline of 8.9% compared with ₹5,345 crore in the corresponding quarter last year.
EBITDA for Q3 stood at ₹436 crore, marginally lower by 1.1% from ₹441 crore reported a year ago. However, operational efficiency improved, with the EBITDA margin expanding by 80 basis points to 9.0% from 8.2% in the same period last year.
The sharpest impact was seen at the bottom line. Net profit fell steeply by 36.6% year-on-year to ₹122 crore, compared with ₹193 crore in Q3 of the previous financial year.
NCC Share Price Movement
Following the Q3 earnings announcement, NCC shares witnessed selling pressure in early trade. The stock touched an intraday low of ₹145.22, while the day’s high stood at ₹149.25. NCC opened at ₹147.19, significantly lower than its previous close of ₹152.09, reflecting cautious investor sentiment.
From a broader perspective, the stock remains well below its 52-week high of ₹247.70, though it is still trading above the 52-week low of ₹138.57.