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NCC expects order inflows in Q1FY20 to be sluggish due to elections

Updated : April 01, 2019 16:01:14 IST

Nagarjuna Construction Company Ltd (NCC) is expecting order inflows to be sluggish in the first quarter of the financial year 2020 due to general elections, said YD Murthy, executive VP-Finance, NCC. However, he added that the company expects good order wins in the remaining months.

“The Q1 may be a bit sluggish because of elections but in the remaining months of the current financial year that is FY20, there is a good possibility that order wins may be maintained at this level. We are also working out our business plan and we will share it with the investors and the market,” said Murthy.

The company has bagged orders worth Rs 4,600 crore in March, said Murthy, adding that the total order inflow for FY19 has crossed Rs 25,559 crore.

On the margin front, he said, “We are looking at the gross margin of about 17-18 percent irrespective of division that we will stick to and on EBITDA margins, in 9 months, we have already reported 11.8 percent and that will be maintained in the Q4 also.”

“We are confident that for FY20 also the EBITDA margin will be between 11.5 percent and 12 percent,” he added.
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