NBCC (India) hits near 5-year low on Q1 profit drop

Reuters Updated - August 09, 2019 at 11:17 AM.

Shares of NBCC (India) Ltd fell as much as 13.6 per cent to Rs 34.35, their lowest since September 17, 2014.

The civil engineering and construction services provider reported a 38 per cent drop in June-quarter net profit to Rs 48. 9 crore after market hours on Thursday.

Net sales fell by 16 per cent to Rs 1,891 crore. Around 24.2 million shares changed hands, compared with the 30-day average of about 11.8 million shares.’

Up to the last close, the stock down was down ~31 per cent this year ($1 = 70.5150 rupees)

Published on August 9, 2019 05:43