New Consolidated Construction Company Limited (NCCL) Q4 net rises 61%

NCCL, the hyderabad-based construction-cum-infrastructure player, has registered a profit of ?102.71 crore for the fourth quarter ended March 31. On a standalone basis, NCCL register 61 per cent over the profit of ?63.71 crore for the corresponding quarter of the last fiscal year. The company achieved a turnover of ?2,419 crore for the fourth quarter, against ?2,186 crore in the corresponding quarter last year. In the previous year the company reported a profit of ?225.50 crore on a turnover of ?8,032 crore and currently it has reported a profit of ?286.80 crore on a turnover of ?7,675 crore for the whole of 2017-18. The company reported an EPS of ?2.99 for FY2018 against ?0.57 last year. Equity dividend of 50 per cent (?1 per share of ?2 each) was recommended by the Board of Directors. During the year, the stand-alone company secured orders worth ?23,266 crore. The order book of the holding company stood at ?30,026 crore as of March 2018 which shows a growth of 95 per cent over the previous year’s order book.