The NCC has reported a fall of 75 per cent in its profit after tax to Rs 11 crore in the second quarter of the year from Rs 46 crore in the corresponding quarter of previous year.
The company, which was formally known as Nagarjuna Construction, also said its total income declined 9% to Rs 1,090 crore from Rs 1,201 crore during the same period. The EBITDA of the company dropped 16% to Rs 103 crore in the same period last year.
Nagarjuna Construction has announced its financial results for the first quarter of the fiscal year 2010-11.
According to the company, it has post a rising net profit figure in the reviewed quarter of April-June. Nagarjuna Construction has posted a net profit of Rs 56.22 crore during the April-June quarter of fiscal year 2010-11.
The company has registered a net profit of Rs 47.65 crore for the quarter that ended in 30th June, 2009. That means there has been a growth of 17.98% in the June quarter this year against its like period in the financial year of 2009-10.
Nagarjuna Construction Company has declared that its fourth quarter net profit has gone up to three-folds. It has announced its financial results for the fiscal year 2009-10 and it has managed to post an impressive rise in net profit figure.
The company has posted a consolidated net profit of Rs 102.61 crore for the quarter that ended in 31st March, 2010. This net profit figure has grown up by three times in this quarter as compared to the same quarter in the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange.
Technical Analyst Anil Singhvi has maintained 'buy' rating on Nagarjuna Construction Company Ltd stock to achieve an intraday target of Rs 164.
According to Singhvi, the investors can buy the stock with stop loss of Rs 152.
The shares of the company, on May 25, closed at Rs 154.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 195 and a low of Rs 116.50 on BSE.
Current EPS & P/E ratio stood at 7.14 and 22.60 respectively.
Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Nagarjuna Construction Company Ltd to achieve a target between Rs 184-195 in 2-3 trading sessions.
According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 166.
Today, the shares of the company opened at Rs 173.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 178 and a low of Rs 34.25 on BSE.
Current EPS & P/E ratio stood at 6.10 and 28.02 respectively.
Hyderabad-based infrastructure firm, Nagarjuna Construction Company, has picked two new orders worth Rs 481 crore in domestic market.
The company secured the first order, valued at Rs 449 crore, from the Water Resources Department of Bihar for execution of restoration of Eastern Gandak Canal to be completed over 25 months.
Further, the second order has been received from MRF Limited, Chennai for construction of proposed radial tyre plant and easy tyre plant in Andhra Pradesh. The contract is valued at Rs 32 crore and is scheduled to be completed over 6 months.
Hyderabad-based Nagarjuna Construction Company has bagged three orders aggregating Rs 311 crore for construction related works.
The company has secured first order, which is valued at Rs 182 crore from the Osmanabad Municipal Council for augmentation of Osmanabad Water Supply Scheme, to be completed over a period of 18 months.
Further, the company has received an order worth Rs 65 crore from Mantri Developers, Hyderabad, for different construction related works in the city. The order is scheduled to complete over a period of 15 months.
Hyderabad-based infrastructure major Nagarjuna Construction Company has informed that it has secured three new orders worth Rs 776 crore.
The company has bagged the first order valued at Rs 600 crore from the Employee State Insurance Corporation, New Delhi for construction of Medical College and related works at Mandi, Himachal Pradesh to be completed over a period of 24 months.
Hyderabad-based infrastructure firm, Nagarjuna Construction Company Limited has informed that it has secured four new orders aggregating Rs 797 crore.
The company secured the first order worth Rs 418 crore from the superintendent Engineer, Bellampally, Andhra Pradesh for construction of gravity canal and related works on right bank of the proposed Barrage across River Pranahita to be completed over a period of
Hyderabad-based infrastructure firm, Nagarjuna Construction Company Ltd (NCC), plans to raise funds worth Rs 550 crore through qualified institutional placements (QIP), for which the company has already received necessary approval from its Board. However, it will get approval from its shareholders on July 30.
- Eversource Faces Stiff Challenge from ‘Society for the Protection of New Hampshire Forests’ over Burying Power Lines
- In Carolina Local Gas Prices Hits Lowest Levels in Years
- Brent Crude Drops Close to 2008 Low as Fresh Oil Glut Concerns Hit the Market
- Further Drop in California’s Unemployment Rate Reflects a Steady Economy
- Isis Pharmaceuticals Finally Decides to Change Name