 "NCC Ltd Q4 net profit down 49% at Rs 26.40 crore")
Hyderabad-based infrastructure company NCC Limited has reported a 49 per cent decline in consolidated net profit at Rs 26.40 crore for the quarter ended March, 2016 as compared with Rs 51.99 crore in the corresponding quarter previous year.
The company's net profit was impacted primarily by the fall in other income during the quarter under review as compared with that of the corresponding previous quarter.
Total income for the quarter grew 11.74 per cent to Rs 2,780.26 crore from Rs 2,488.26 crore in the year ago period while the total expenditure increased by 12.33 per cent from Rs 2,295.72 crore to Rs 2,578.76 crore.
However, for the full year ended March, 2016 the company's net profit jumped 105 per cent to Rs 110.55 crore from Rs 53.87 crore in the previous year.The total income stood at Rs 9,583.98 crore, a marginal increase over Rs 9,512.89 crore in the previous year, while the total expenditure also remained flat at Rs 8,825.23 crore as compared with Rs 8,789.78 crore in the previous year.
In a noticeable achievement, the company was able to reduce the finance costs by 9.11 per cent for the full year. The finance costs for the year ended March, 2016 stood at Rs 669.84 crore as compared with Rs 737.12 crore in the previous year.
