The shares of this navratna company jumped 6.2 percent from the intraday high after the company received a prestigious work order from the Government of Goa, valued at Rs 1,726 crore.
With a market capitalization of Rs 24,813.00 crore, the shares of NBCC (India) Ltd were trading at Rs 91.90 per share, increasing around 4.49 percent as compared to the previous closing price of Rs 87.95 apiece.
Reason for rise:-
The shares of the company have seen positive movement after NBCC (India) Ltd received a prestigious work order from the Government of Goa for redevelopment works (Phase-I) in the state of Goa, the order is valued at Rs 1,726 crore.
Financial Performance:-
Looking forward to the company’s financial performance, revenue increased by 12 percent from Rs 1,918 crore in Q1FY24 to Rs 2,144 crore in Q1FY25. During the same period, net profit increased by 39 percent, from Rs 77 crore to Rs 107 crore.
Recent Development:-
The Haryana Directorate of Medical Education and Research ordered Rs. 528.21 crore from the PSU company. The document indicates that the company received an order for Bio-Medical Equipment and Hospital Furniture from Pt. Deen Dayal Upadhayaya University of Health Sciences in Kutail, Karnal.
NBCC previously obtained a Rs. 15,000 crore contract from the Srinagar Development Authority to create a satellite township. The project would cover 406 acres near Rakh-e-Gund Akshah in Bemina, Srinagar. In FY23-24, the company obtained new business orders of Rs. 23,500 crores and earned record revenues, particularly in the commercial real estate sector.
Order Book:-
According to a recent filing, the business has a strong standalone order book of Rs. 70,000 crores and a combined order book of Rs. 81,000 crores. The firm aims to reach Rs. 1,00,000 crores in revenue by the end of the year, driven by current projects and new orders.
Management Comment:-
The management expects a top-line of Rs. 12,500 crores to Rs. 13,000 crores for the current fiscal year, with EBITDA margins of 5.75 percent to 6% and PAT margins of 5.25 percent to 6%. The firm plans to grow into overseas areas, including Fiji, Maribor, the Philippines, Dubai, and Kuwait.
Company Snapshot:-
NBCC (India) Limited is an India-based company that provides value-added services. The company operates three business segments: project management consultancy (PMC), real estate development, and engineering procurement and construction (EPC).
Written by:- Abhishek Singh
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