New Delhi, Feb. 7 -- For investors in NCC Ltd, the plate is full-but unpalatable.
Shares of the construction and infrastructure company tanked more than 10% in early trade on Friday after its December quarter (Q3FY25) results disappointed. Payment delays played spoilsport, hurting key earnings metrics, with net profit at Rs.185.40 crore missing consensus estimates of Rs.240 crore due to lower revenue and compressed margins.
Adding to investor concerns, the company's management has significantly lowered its FY25 revenue growth guidance to around 5% from 15% earlier. Earnings before interest, tax, depreciation and amortization (Ebitda) margin guidance was also trimmed to 9.25% from 9.5%. In Q3FY25, Ebitda margin contracted both sequential...
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