Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India with operations in project management consultancy and development jumped upto 5 percent in the day’s trade upon posting its Q4FY24 results with a 49 percent jump in Net Profits.
With a market capitalization of Rs. 25,416 Crores, the shares of NBCC (India) Limited were trading at Rs. 141.20 per equity share, up 2 percent from its previous day’s close price of Rs. 138.80.
Its revenue from operations grew by 43 percent YoY from Rs. 2,755.81 Crores in Q4FY23 to Rs. 3,936.98 Crores in Q4FY24 and it grew by 63 percent QoQ from Rs. 2,416.41 Crores in Q3FY24 to Rs. 3,936.98 Crores in Q4FY24. Annually it generated a revenue of Rs. 8,770.63 Crores in FY23 and Rs. 10,328.37 Crores in FY24 indicating a growth of 18 percent YoY.
Its Net Profit grew by 25 percent from Rs. 113.63 Crores in Q4FY23 to Rs. 141.49 Crores in Q4FY24 and it grew by 25 percent QoQ from Rs. 113.56 Crores in Q3FY24 to Rs. 141.49 Crores in Q4FY24. Annually it generated a profit of Rs. 278 Crores in FY23 and Rs. 414.37 Crores in FY24 indicating a growth of 49 percent YoY.
In Addition, the board of directors of NBCC Limited has recommended declaring a dividend of Rs. 0.63 per equity share to eligible shareholders of the company as of the record date.
NBCC (India) Limited is a Navratna central public sector enterprise, it is one of the largest realty CPSEs in India with operations in project management consultancy and realty development businesses in the domestic as well as foreign markets.
It has a strong business clientele base, consisting of its well-known clients like SJVN, BHEL, NTPC, IIT, IIM, the Republic of Mauritius, the Republic of Maldives, and many More.
Some of the prestigious projects completed or in progress are the World Trade Center, Bharat Mandapam in which the G20 summit was hosted, Garvi Gujarat Sadan, AIIMS Bilaspur, and many more.
Written by: Bharath K.S
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