*NCC Ltd.* | *CMP* Rs. 57 | *M Cap* Rs. 3424 Cr | *52 W H/L* 119/45
(Nirmal Bang Retail Research)
Order book came at 33173 QoQ 33495, YoY 32955
*Result is below expectations*
Management reduced revenue guidance from Rs.11000cr to Rs.10000cr for FY20
Revenue from Operations came at Rs. 1732 Cr (-20.8% QoQ, -44.2% YoY) vs expectation of Rs. 2154.1 Cr, QoQ Rs. 2187.7 Cr, YoY Rs. 3104.8 Cr
EBIDTA came at Rs. 233 Cr (-12.6% QoQ, -36.2% YoY) vs expectation of Rs. 243.2 Cr, QoQ Rs. 266.6 Cr, YoY Rs. 365.1 Cr
EBITDA Margin came at 13.5% vs expectation of 11.3%, QoQ 12.2%, YoY 11.8%
Adj. PAT came at Rs. 96.5 Cr vs expectation of Rs. 77.5 Cr, QoQ Rs. 81.3 Cr, YoY Rs. 173.2 Cr
Quarter EPS is Rs. 1.6
Share is trading at P/E of 6.5x TTM EPS