BENGALURU : Indian construction firm NCC reported a rise in third-quarter profit on Thursday as project execution was robust in a seasonally low quarter.
The company’s consolidated net profit after tax rose nearly 40% year-on-year to Rs221 crore ($26.63 million) in the three months ended Dec. 31.
Key context
Although order inflow has been slightly weak for NCC, robust order book and diversified capabilities across various infrastructure verticals aided the company in sustaining its strong execution in the medium term, brokerage Centrum said.
Bigger peer Larsen and Toubro reported a 15% rise in quarterly profit and said it does not expect orders to be robust over the next two quarters due to the general elections in India, which are due by May.
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Published: 08 Feb 2024, 04:39 PM IST