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What is NCC 3QFY17 Results Review Analysis about?

NCC reported a 33.1% increase in net profit for the third quarter of FY17, beating estimates primarily due to lower interest costs. Gross debt remained stable at Rs. 20.4 billion while net debt-to-equity was 0.55 times. Order inflows for the first nine months were Rs. 62.6 billion excluding subsidiary orders. The focus is on asset-light projects and new opportunities while reducing exposure to real estate.

Author

arun_algo

Language

EN