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NCC expects Rs 10,000 crore topline for FY20

Updated : November 05, 2019 17:16:13 IST

Infrastructure development firm NCC on Tuesday said the company is expecting Rs 10,000 crore topline for FY20 after reporting a net profit of Rs 80 crore for the second quarter.

In an interview to CNBC-TV18, YD Murthy, executive vice president, finance, said, "In the first six months, we got Rs 2,150 crore of orders, which means in the second half, we would get Rs 12,000 crore of orders."

Big order award is likely to take place, Murthy said, adding that NCC is confident of achieving the guidance as in the previous two years, the company had received orders worth Rs 25,000 crore for each year.

For the full year, FY20, NCC expects margins to be around 11-11.5 percent, Murthy added.

"As far as affordable housing projects are concerned, we have been called for discussion and we hope work may commence in a month or so," he said.
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