NCC Dips Below 6% After Dismal Quarterly Performance

NCC Limited is down by 6.7% at Rs 84.80 per share at 10:42 hours IST on BSE. It hit a high of Rs 87.70 and a low of Rs 83.60 so far during the day.

The company on Tuesday reported a standalone net profit of Rs 63.71 crore for the quarter ended March 31, 2017, a decline of 26%, as against Rs 86.22 crore for the same quarter in the previous year, as per BSE filing.

The board of directors at its meeting held on May 23, 2017, have recommended a dividend of Rs 0.40 per share (20% on equity share of Rs. 2 each) for the financial year 2016-17, subject to the approval of the shareholders.

NCC Limited is engaged in the construction and project activities in the infrastructure sector. 

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