Stock Market LIVE Updates | NCC up 7% on robust Q4 earnings NCC reported a robust performance in Q4 FY24, with adjusted PAT hitting Rs 244 crore, up 37% from the previous year. The reported net profit included an impairment of Rs 56.6 crore related to TAQA investments. In Q1 FY25, NCC received Rs67 crore for the Vizag deal, with an additional equity of Rs33crore expected in FY25. A debt portion of Rs 350 crore is slated for receipt by March 2026. Anticipating a 15% revenue growth in FY25, NCC expects inflows of Rs 20000-22000 crore due to general elections and a strong order backlog of Rs 51800 crore, equivalent to 2.8 times TTM revenues as of March 2024. The standalone gross debt was Rs 1000 crore in March 2024. NCC aims to reduce debt further to Rs500 crore by March 2025. JM Financial projected higher revenues and reduced debt levels led to a 9% and 13% increase in estimated PAT for FY25 and FY26, respectively. Maintaining a BUY recommendation, the revised price target is Rs285.