NCC Limited — Interim / Quarterly Report 2020

Feb 7, 2020

Ref: NCCL/UAFR/Dec-19/Reg 30&33/2020

February 7, 2020

The Secretary National Stock Exchange of India Ltd 5^th Floor, Exchange Plaza, Bandra - Kurla Complex, Bandra (E), MUMBAI - 500 051. Fax No: 022 - 2659 8237 / 38

The Secretary Bombay Stock Exchange Ltd. 1^st Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort MUMBAI-400001. Fax: 022-22722037/39

Dear Sir(s),

Sub: Intimation under Regulations 30 & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended regarding the outcome of Board Meeting held on 7^th February, 2020.

Ref : Scrip Code- BSE-500294 & NSE- NCC

In compliance with Regulation 33 & 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we are enclosing herewith the Un-Audited Financial Results for the Third Quarter and Nine months period ended 31^st December, 2019 (standalone & consolidated) which have been reviewed by the Audit Committee and approved by the Board i.e., 7^th February, 2020 and also the Limited Review Report at its meeting held today furnished by the Statutory Auditors of the Company. We are also forwarding herewith the press release being issued in this connection. The meeting of the Board of Directors of the Company commenced at 12.00 Noon and concluded at 2.3 o p.m

We would request you to please take on record the above and host the same on your website for dissemination to the public.

Kindly acknowledge the receipt.

Thanking you,

Yours faithfully

For NCC LIMITED.

$87.02 - 2020$ MV Srinivasa Murthy Company Secretary & EVP (L) Encl: As above

NCC Umited CIN: t722fl)TG1990PtC011146

Registered Office: NCC HOUSE, Madhapur, tlyderab.d-soo O8r, Tel : 04G23258888, Fax: 04G2312555t emall : ncc,ho(gnccltd.ln webslte : www.ncclimited.com

STATEMENT OF UNAUDITED STANDALONE FINANCIAI RESULTS FOR THE qUARTER AND NINE MONTHS ENDED 31ST zirE

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	ln
Sl no	Partlculars		quarter		Nine months
						31.12.2018
1	lncome
	a) Revenue from Operations	2tt7,t6	1732.OO	3226.48	6035.84	8590.89	12079.76
	b) Other lncome	31.87	70.12	1q.61	arr-r1	*) ))	lln 2q
	fotal lncome	,rttl	aI:\tE .	E L;I?Tir	RTTTiE	aTra-77	lrtqt ol
2	Expenses
	a) Cost of Materials Consumed	807.93	s88.99	1295.93	2160.u	3522.23	4753.59
	b) Construction Expenses	209,46	190.39	2L7.70	621.65	517.85	92L.31
	c) Sub - contractor work bills	653.92	553.23	1140.31	1970.27	3005.22	4245.59
	d) Employee benefits expense	110.48	LLs,27	114.88	338.09	320.0s	439.32
	e) Finance costs	141.76	130.75	L24.54	398.35	334.26	457.26
	f) Depreciation and amortisation expenses	45,02	44.84	38.97	133.50	109.02	149.37
	g) Other expenses	7E-16	51 tO	6q tt	rq6 t7	L99.2L	285.95
3	fotal Expenses Profit from operatlons before exceptional ltems and tax (1-21	FIiFFTF 95.10	ac7a-6a 127-71	,.t.t7_51 EE!:EI:	ETiIErI! 3'4/ .87	EIi[T:' 6il.27	tt2s7-lll tr'.iIn
4	Exceptional ltems (net)	(22.881	(15.s0)		(3s.381	(47.s01	(s8.s3l
5	Profit before tax (3+41	,2-22	ttt.2t	248.58	305,49	6L6,77	rril:E
5	fax expense
	a) Current tax	(38.631	37.32	80.85	45,43	227.94	308.73
	b) Deferred tax	iE!	l5.1sl	7.50	111.511	lo.72l	9.0s
	fotal tax expense	lsB.OOl	41,-17	r:IITF	EFI:n	427-22	tt7.r8
7	Net Profit after tar (56)	110.t1	I:Iifi!	;Iirf,F	277,-67	389.55	s63.91
8	Other comprehensive income / (loss)
	Items that will not be reclassified to profit or loss
	a) Remeasurement of the defined benefit plans	l1.3sl	(1.48)	(o.ee)	(4.311	lz.s7l	17.76l,
	b) lncome tax relating to items that will not be reclassified to profit or loss	IEII	0.51	0.35	1.51	0.90	2.72
	Items that may be reclassified to profit or loss
	a) Exchange differences on translation of foreign operations	mFt	0.16	(0.16)	[rE	0.67	o.73
	b) lncome tax relating to items that may be reclassilled to profit or loss			o06		ro 2?l
	fotal Other comprehensive income / (lossl	[iEI	(0.811	lo.74l	12.541	(1.231	t!-rll
9	fotal comprehensive income ( 7+8;	1o9.47	79.23	'FTEE	269.13	FFTFF	EFGTiN
10	Paid up Equity Share Capital (Face Value { 2/- per Share}	120.13	120.13	120.13	120.13	120.13	120.13
11	Other Equity (excluding Revaluation Reserves) as shown in the Audited Balance Sheet of the previous year						4636.65
t2	Earnings Per Share (of { 2/- each) for the period (not annualised)
	- Basi. and Diluted	1_Rt	114	)67	a-47	6.4q	s.39
Notes:
1	Ihe above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on February 07,
2	2020. The Statutory Auditors have carried out limited review of the Unaudited Standalone financial results for the quarter and Nine months ended December 31, 2019.
3	Exceptional items for the quarter and nine months ended December 31, 2019 represents provision made for impairment of investment in subsidiary company,
4	The Company has received the balance amount of ( 82.37 Crores from the Promoters ofthe company on January 27, 2020 agaimt Sharc Wanants for which 92,00,000 Equity Shares were issued @ {l 19.37 per share.
5	fhe Board of Directors at its meeting held on Oecember 28,20L9 has approved the proposal of merger of two wholly owned subsidiaries i.e., Vaidehi Avenues Limited and Aster Rail Private Limited with the Parent Company. The scheme of merger will not have any significant impact on standalone financials.
5	fhe tax expense for the quarter an.l nine months ended December 31, 2019 is after accounting of net tax credit of ? 73.09 Crores on receipt of assessment orders of previous years.
7	Other income for the nine months period ended December 31, 2019 includes a profit on sale of land of ( .14.25 Crores,
I	effective April 01, 2019 and the impact of the same is insignificant. fhe company has adopted lnd AS 116 "Lease"
	I By order of the Board for NCC Umited
				NCC
						q <z<e€ f<="" td="">
	Place : Hyderabad Date :07.02.2020					A.A.V.RANGA RA'U ManaginE Director

S.ffi. Barusol a Asso ctArls &f.P Tablespace, 6th Floor

Chartered Accountants

Western Aqua Building Whitefields, Hitech City Hyderabad - 500 081, lndia

Tel : +91 40 6141 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors NCC Limited

• We have reviewed the accompanying statement of unaudited standalone financial results of NCC Limited (the "Company") which includes 30 Joint Operations for the quarter ended December 31, 2019 andyear to date from April l, 2019 to December 31,2019 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5, as amended (the "Listing Regulations"). I
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prelcribed under Section 133 of the Companies Acl,2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• J. We conducted our review of the Statement in accordance with the Standard on Revierv E,ngagements (SRE) 241 0, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 4.

For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants

Firm registration number: 101049wE300004

per avneet Rai Kabra

Partner Membership No.: 102328

UDIN : 20 I 02328 A AAAA146 I 3

Hyderabad February 07,2020

NCC
NCC Limited

CIN: L72200TG1990PLC011146

Registered Cffice: NCC HOUSE, Madhapur, Hyderabad-500 081, Tel: 040-23268888, Fax: 040-23125555, email: ncc.ho@nccltd.in

Website: www.ncclimited.com

	STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2019
							(र in Crores)
SI no	Particulars		Quarter ended			Nine months ended	Year ended
		31.12.2019 Unaudited	30.09.2019 Unaudited	31.12.2018 Unaudited	31.12.2019 Unaudited	31.12.2018 Unaudited	31.03.2019 Audited
$\mathbf{1}$	Income
	a) Revenue from Operations	2281.40	1938.28	3378.67	6566.66	9134.56	12895.64
	b) Other Income	1.58	59.97	36.97	86.08	73.82	124.33
	Total Income	2282.98	1998.25	3415.64	6652.74	9208.38	13019.97
2	Expenses
	a) Cost of Materials Consumed	823.13	612.58	1319.52	2223.31	3604.28	4875.10
	b) Changes in inventories of work in progress	6.02	20.28	(0.72)	39.68	(0.06)	155.23
	c) Construction Expenses d) Sub - contractor work bills	224.74 758.47	203.01 660.81	230.55 1216.80	667.17 2247.14	654.65 3178.02	962.71 4510.07
	e) Employee benefits expense	126.07	126.32	127.58	375.81	363.02	495.16
	f) Finance costs	150.06	140.62	143.03	427.48	388.54	521.95
	g) Depreciation and amortisation expenses	49.77	51.75	50.52	152.76	144.05	192.53
	h) Other expenses	80.21	57.15	70.56	213.30	210.82	298.20
	Total Expenses	2218.47	1872.52	3157.84	6346.65	8543.32	12010.95
з	Profit from operations before exceptional items and tax (1-2)	64.51	125.73	257.80	306.09	665.06	1009.02
4 5	Exceptional Items (net) Share of (Loss) of Associates	0.60 (0.28)	(13.91) (2.01)	(1.50)	(13.31) (4.49)	(40.00) (4.88)	(107.82) (6.86)
6	Profit before tax (3+4+5)	64.83	109.81	256.30	288.29	620.18	894.34
7	Tax expense
	a) Current tax	(38.53)	37.80	81.52	46.45	229.12	315.07
	b) Deferred tax	0.86	(6.77)	7.21	(11.71)	(1.22)	11.70
	Total tax expense	(37.67)	31.03	88.73	34.74	227.90	326.77
8	Net Profit after tax (6-7)	102.50	78.78	167.57	253.55	392.28	567.57
	Attributable to:	103.83	82.18	165.89	260.71	391.12	578.69
	Shareholders of the Company Non- Controlling interests	(1.33)	(3.40)	1.68	(7.16)	1.16	(11.12)
9	Other comprehensive income / (loss)
	Items that will not be reclassified to profit or loss
	a) Remeasurement of the defined benefit plans	(1.35)	(1.48)	(0.98)	(4.31)	(2.56)	(7.93)
	b) Share of other comprehensive income in Associates						0.03
	c) Income tax relating to items that will not be reclassified to profit or loss	0.48	0.51	0.35	1.51	0.90	2.76
	Items that may be reclassified to profit or loss
	a) Exchange differences on translation of foreign operations	0.75	1.71	(17.24)	2.45	(2.12)	(2.34)
	b) Income tax relating to items that may be reclassified to profit or loss	(0.12)	0.74	0.06 (17.81)	(0.35)	(0.23) (4.01)	(7.48)
10	Total Other comprehensive income / (loss) Total comprehensive income (8+9)	102.38	79.52	149.76	253.20	388.27	560.09
	Attributable to:
	Shareholders of the Company	103.71	82.92	148.08	260.36	387.11	571.24
	Non- Controlling interests	(1.33)	(3.40)	1.68	(7.16)	1.16	(11.15)
11	Paid up Equity Share Capital (Face Value ₹2/- per Share)	120.13	120.13	120.13	120.13	120.13	120.13
12	Other Equity (excluding Revaluation Reserves) as shown in the Audited						4475.24
	Balance Sheet of the previous year
13	Earnings Per Share (of ₹2/- each) for the period (not annualised) Basic and Diluted	1.73	1.37	2.76	4.34	6.51	9.63
Notes:
1	The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company in their respective meetings held on February 07, 2020.
2	The Statutory Auditors have carried out limited review of the Unaudited Consolidated financial results for the quarter and Nine months ended December 31, 2019.
з	Exceptional items for nine months ended December 31, 2019 represents provision made for impairment of loan given by NCC Infrastructure Holdings Limited to its
	associate company. The Company has received the balance amount of ₹ 82.37 Crores from the Promoters of the Company on January 27, 2020 against Share Warrants for which
4	92,00,000 Equity Shares were issued @ ₹ 119.37 per share.
5	The Board of Directors at its meeting held on December 28, 2019 has approved the proposal of merger of two wholly owned subsidiaries i.e., Vaidehi Avenues Limited and Aster Rail Private Limited with the Parent Company. The scheme of merger will not have any significant impact on financials.
6	The tax expense for the quarter and nine months ended December 31, 2019 is after accounting of net tax credit of ₹73.09 Crores on receipt of assessment orders
	of previous years.
7	Other income for the nine months period ended December 31, 2019 includes a profit on sale of land of ₹44.25 Crores.
8	The Company, its Subsidiaries and Associates are primarily engaged in Construction / Project activities and there are no other reportable segments under Ind AS 108 "Operating Segments".
9	The Group has adopted Ind AS 116 'Leases' effective $\Delta 84880$ $\sqrt{84880}$
	J801			ım		By Order of the Board
	BA 7					for NCC Limited
	CHARTERED ٥O ACCOUNTANTS
	ഗ					ロイヒヒ
	Place : Hyderabad		'eraba			A.A.V.RANGA RAJU Managing Director
	YDERABA Date: 07.02.2020

S.R. Barusal aAssoctATls LLP Tablespace, 6th Floor

Chartered Accountants

Western Aqua Building Whitef ields, Hitech City Hyderabad - 500 081, lndia Tel : +91 40 6141 6000

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regutations, 2015, as amtnded

Review Report to The Board of Directors NCC Limited

• ^I. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of NCC Limited (the "Holding Company"), which includes 30 joint operations and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") and its associates for the quarter ended December 3 1 , 2019 and year to date from April 1,2019 to December 31, 2019 (the "Statement") attached herewitlU being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the \$EBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Direetors, has been prepared in accordance with the recognition and measuremerfi principles laid down in Indian Accounting Standard :+, llnd AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act,2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Staternent is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMDL|44|2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

• 1. The Statement includes the results of the entities as referred to in Annexure I.
• 1. The accompanying Statement includes unaudited interim financial results and other unaudited financial information of 43 subsidiaries, whose interim financial results and other financial information reflect Group's share of total revenues of Rs. 165.05 crore and Rs. 540.32 crore, Group's share of total net loss after tax of Rs. 29.96 crore and Rs. 63.17 crore, Group's share of total comprehensive loss of Rs. 36.74 crorc and Rs. 86.63 crore, for the quarter ended December 31,2019 and for the period from April 1,2019 to December 3l,20lg,respectively, as considered in the Statement, which have been reviewed by their respective independent auditors. The Statement also includes the Group's share of net loss after tax of Rs. 0.29 erore and Rs 0.62 crore and total comprehensive loss of Rs. 0.29 crore and Rs. 0.62 crore, for the quarter ended December 31,2019 and for the period from April 1,2019 to December 31, 2019, respectively, as considered in the Statement, in respect of 4 associates, whose interim financial results have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far ps it relates to the amounts and disclosures in respect ofthese

S.R. Bnrueot * AssoctATEs LLP

Chartered Accountants

subsidiaries and associates, is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.

Of the above, 4 subsidiaries axe located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs ofsuch subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

Our conclusion on the Statement is not modified in respect of these matters.

• 1. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of 4 subsidiaries, which have not been reviewed by their auditors, whose interim financial results reflect Group's share of total revenues of Rs. Nil and Rs. Nil, Group's share of total net profit after tax of Rs. 0.05 crore and Rs. 0.94 crorg Group's share of total comprehensive income of Rs. 0.01 crore and Rs. 0.84 crore, for the quarter ended December 31, 2019 andfor the period from April l, 2019 to December 31,2019, respectively, as considered in the Statement. The Statement also includes the Group's share of net loss after tax of Rs. Nil and Rs. 3.87 crore and total comprehensive loss of Rs. Nil and Rs. 3.87 crore, for the quarter ended December 31, 2019 and for the period from April l, 2019 to December 37,2019, respectively, as considered in the Statement, in respect of ⁶ associates, based on their interim financial results which have not been reviewed by their auditors. These unaudited interim financial results and other unaudited financial information have been approved and fumished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries and associates, is based solely on such unaudited interim financial results and other unaudited financial information. Accordingto the information and explanations given to us by the Management, these interim financial results and other fmancial information are not material to the Group. Our conclusion on the Statement is not modified in respect of this matter.
• 1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration ofthe review reports ofother auditors referred to in paragraph 5 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act,2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For S.R. BATLIBOI & ASSOCIATES LLP

Chartered Accountants registration 101049wE300004

per Rai Kabra Partner Membership No.: 102328 UDIN: 20102328 AAAAAJ9 I 02 CI.IARIERED

Hyderabad February 07,2020

S.R. Berusot a AssoctATES LLP

Chartered Accountants

Annexure I

sl No.	Name of the Entity
	Subsidiaries
I	AKHS Homes LLP (Formerly known as "AKHS Homes Private Limited")
1	Al Mubarakia Contracting Co. L.L.C.
3	Aster Rail Private Limited
4	CSVS Property Developers Private Limited
5	Dhatri Developers & Projects Private Limited
6	JIC Homes Private Limited
7	Kedarnath Real Estates LLP (Formerly known as "Kedarnath Real Estates Private Limited")
8	M A Property Developers Private Limited
9	Mallelavanam Property Developers Private Lim ited
l0	Nagari una Construction C ompany International L.L. C.
ll	Nagariuna Contracting Co. L.L.C.
t2	Nagarjuna Suites Private Limited
l3	Nandyala Real Estates LLP (Formerly known as "Nandyala Real Estates Private Limited")
t4	NCC Infra Limited
t5	NCC lnfrastructure Holdings Limited
t6	NCC Infrastructure Holdings Mauritius Pte. Limited
t7	NCC International Convention Centre Limited
18	NCC Oil & Gas Limited #
l9	NCC Urban Homes Private Limited
20	NCC Urban Infrastructure Limited
2t	NCC Urban Meadows Private Limited
22	NCC Urban Ventures Private Limited
23	NCC Urban Villas Private Limited
24	NCC Vizag Urban Infrastructure Limited
25	NCC WLL*
26	NCCA International Kuwait General Contracts Company LLC
27	NJC Avenues Private Limited
28	OB Infrastructure Limited
29	Pachhwara Coal Minine Private Limited Patnitop Ropeway & Resorts Limited
30 31	PRG Estates LLP (Formerly known as "PRG Estates Private Limited")
32	Samashti Gas Energy Limited
33	Savitra Apri Industrial Park Private Limited
34	Siripada Homes Private Limited
35	Sradha Real Estates Private Limited
	Sri Raga Nivas Property Developers LLP (Formerly known as "Sri Raga Nivas Property
36	Developers Private Limited")
)t	Sri Raga Nivas Ventures Private Limited
38	Sushanthi Housing Private Limited
39	Sushanti Avenues Private Limited
40	Sushruta Real Estates Private Limited
4t	Talaipalli Coal Mining Private Limited
42	Thrilekya Real Estates LLP (Formerly known as "Thrilekya Real Estates Private Limited")
43	Vaidehi Avenues Limited

S.R. Bnrueot * AssoctATEs LLP

Chartered Accountants

sl No.	Name of the Entity
44	Vara Infrastructure Private Limited
45	Varma Infrashucture LLP (Formerly known as "Vaxma Infrastructure Private Limited')
46	Vera Avenues Private Limited
47	VSN Property Developers LLP (Formerly known as "VSN Property Developers Private Limited")
	Associates
I	Apollonius Coal and Enersy Pte. Limited
2	Brindavan Infrastructure Company Limited
J	Ekana Sportz City Private Limited
4	Himalayan Green Enersy Private Limited
5	Nagari una Facilities Management S ervices L. L.C.
6	Paschal Form Work (India) Private Limited
7	Pondicherry Tindivanam Tollway Limited
8	Tellapur Technocitv Private Limited \$
9	Varaprada Real Estates Private Limited
t0	Tellapur Technocity (Mauritius) ^

*Liquidated with effect from June 18,2079.

^Ceased to be subsidiary during the quarter ended September 30,2019 and became associate.

\$Ceased to be associate during the period ended December 31, 2019.

strike off from the register of companies with effect from November 28, 2019.

PRESS RELEASE

Standalone: Third Quarter

NCC Limited [NCCL] achieved a tumover of ₹2149 Crore (including other income) for the 3rd quarter of the current year 2019-20 as against ₹3246 Crore in the same period of the previous year. The Company has reported an EBIDTA of ₹250.01 Crore and a net profit of ₹110.31 Crore as against ₹392.48 Crore and ₹160.23 Crore reported respectively in the corresponding quarter of the previous year. The Company has reported an EPS of ₹1.83 for the 3rd quarter as against a ₹2.67 in the corresponding quarter of the previous year.

9 months period

The Company has reported a Turnover of ₹6164 Crore (including other income) for the 9 months period of the current year as against ₹8773 Crore in the corresponding period of the previous year. The Company has reported an EBIDTA of ₹749.62 Crore and net profit of ₹271.67 Crore for the 9 months ended 31st December, 2019 as against ₹1025.33 Crore and ₹389.55 Crore reported respectively in the corresponding period of the previous year. The Company has reported an EPS of ₹4.52 in the 9 months period ended 31.12.2019 as against ₹6.49 in the corresponding period of the previous year.

Consolidated:

Third Quarter

On consolidation basis, the Company has reported a turnover of ₹2283 Crore for the 3rd quarter of the current year as against ₹3416 Crore in the corresponding quarter of the previous year. The Company has reported an EBIDTA of ₹262.76 Crore and a Net Profit of ₹102.50 Crore as against ₹414.38 Crore and ₹167.57 Crore respectively in the corresponding quarter of the previous year. The Company has reported an EPS of ₹1.73 for the 3rd quarter as against ₹2.76 in the corresponding quarter of the previous year.

9 months period:

The Company on a consolidated basis has reported a turnover of ₹6653 Crore for the nine months of the current year as against ₹9208 Crore in the corresponding nine months of the previous year, EBIDTA of ₹800.25 Crore and Net Profit of ₹253.55 Crore for the nine months period ended 31.12.2019 as against ₹1123.83 Crore and ₹392.28 Crore reported respectively in the corresponding nine months period of the previous year. The Company has reported an EPS of ₹4.34 in the 9 months period ended 31.12.2019 as against ₹6.51 in the corresponding period of the previous year.

During the nine months period of the current fiscal, the Company has secured orders of ₹3371 Crore in various Divisions and the Order Book stands at ₹25049 Crore after excluding the non-moving orders of ₹7130 Crore.

For NCC Limited

AREP IT A.A.V.Ranaa Raiu Managing Director