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videos | IST

NCC eyeing 45% topline growth in FY19

YD Murthy, Executive Vice President, Finance, NCC, is very confident of clocking over 45% topline growth in FY19 and maintain margins around 11% backed by strong order book of Rs 30,000 crore at the beginning of the year.
He said large part of the order book included fast track projects, which are likely to be completed in less than two years.
Murthy said FY18 marked the start of growth phase for the company and the debt levels came down by end of the fiscal, "Qualified Institutional Placement (QIP) funds also helped bring down the debt."
"Will look at maintaining standalone debt at Rs 1,800-2,000 crore by end of FY19,” he said.
The company is also waiting for government approval to sell land parcel, he added.
Construction company NCC's Q4 earnings were good, but slightly below estimates.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q4 is up 75% and margins have also been expanded for the company.
The year-on-year Q4FY18 net profit was up 61.2% and revenues were up 11.9%. The year-on-year EBIDTA margin for the fourth quarter came in at 12.7% against 8.1%.