NCC

The company, earlier recognized as Nagarjuna Construction Company and now rechristened as NCC, posted a good set of numbers for Q4FY15. Thanks to a 4 times rise in other operating income at Rs.8 crore and other income surging 153% (YoY) at Rs.81 crore; more significantly the loss from associate companies of Rs.17 crore in Q4FY14 compared to loss of Rs.8 crore in Q4FY15, the company could end this Q4 with a whopping 17 times jump in consolidated net profit at Rs.52 crore. The same story for FY15 wherein it ended the fiscal with a net profit of Rs.54 crore v/s Rs.3 crore in FY14.

The company has rationalized its costs pretty well with total operating costs coming at 92% of net sales compared to 94% in previous Q4. Consequently, EBITDA was up 37% at Rs.264 crore and margins improved from 8.39% to 10.61%. The company’s interest outgo was pretty steep for FY15 at Rs.737 crore, up 13% but consolidated debt (LT+ST borrowings) as at 31st March 2015 stood at around Rs.1500 crore, down 60%.