Synopsis:
NBCC India shares inched higher after the Government of Rajasthan approved a Rs. 3,700 crore integrated development project with NBCC as the lead agency.
Infrastructure and construction stock saw selective traction after a large-scale state-backed project announcement. Investor sentiment turned positive with expectations of long-term revenue visibility.
NBCC India Ltd, with a market capitalization of Rs. 28,147.50 crore, opened at Rs. 103.55 against a previous close of Rs. 103.55. The stock touched an intraday high of Rs. 105, marking a rise of 1.40 percent from the previous close.
What’s the News?
NBCC India Ltd has been appointed as the lead agency for a transformative development project in Jaipur, Rajasthan. The Government of Rajasthan has cleared the plan through a recent cabinet approval, with an overall estimated investment of approximately Rs. 3,700 crore. The project will be developed on 95 acres of Rajasthan State Industrial Development & Investment Corporation (RIICO) land located along the B2 Bypass, Tonk Road.
The scope of work includes the design, construction, and marketing of the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, as well as commercial and residential infrastructure. The convention centre, planned over a 25-acre parcel with more than 2 lakh square meters of built-up area, is envisioned as a world-class venue with a seating capacity of 7,000 to 7,500 people.
Financial Snapshot
On a quarter-on-quarter basis, revenue declined from Rs. 4,643 crore in Q4FY25 to Rs. 2,391 crore in Q1FY26, down 48.5 percent. Operating profit fell from Rs. 290 crore to Rs. 110 crore, a drop of 62.1 percent. Profit before tax slipped from Rs. 249 crore to Rs. 181 crore, lower by 27.3 percent. Net profit decreased from Rs. 183 crore to Rs. 135 crore, a decline of 26.2 percent.
On a year-on-year basis, revenue grew from Rs. 2,143 crore in Q1FY25 to Rs. 2,391 crore in Q1FY26, an increase of 11.6 percent. Operating profit rose from Rs. 92 crore to Rs. 110 crore, higher by 19.6 percent. Profit before tax expanded from Rs. 144 crore to Rs. 181 crore, registering growth of 25.7 percent. Net profit improved from Rs. 107 crore to Rs. 135 crore, a rise of 26.2 percent.
As of June 30, 2025, the company reported a consolidated order book of Rs. 1,20,307 crore. Segmental revenue performance in Q1FY26 showed a mixed trend. The Project Management Consultancy (PMC) segment grew 3.35 percent year-on-year to Rs. 1,561.74 crore from Rs. 1,511.11 crore, while the Real Estate segment declined 27.76 percent to Rs. 21.08 crore compared to Rs. 29.18 crore in Q1FY25. The Engineering Procurement & Construction (EPC) segment also fell 15.76 percent, recording Rs. 71.51 crore against Rs. 84.89 crore a year earlier.
Also read: Stock under ₹100 skyrockets 12% after receiving order for Bangalore Metro Yellow Line Project
About the Company
NBCC (India) Limited is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs. The company is engaged in three primary business verticals: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate development, making it a key player in India’s infrastructure growth.
Written by – Manan Gangwar
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