The shares of this leading PSU stock operating in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate, came into focus after receiving multiple orders worth Rs 82 crores.
Price Action
With a market capitalization of Rs 21,956.40 crore, the shares went up 2 percent to an intraday high of Rs 84.78 per share compared to the previous close price of Rs 82.81 per share. The shares retraced from the day’s high and were trading at Rs 81.90, which is a slight decrease when looking at the previous close.
What Happened
Through an exchange filing, NBCC Ltd has announced that it has received an order for the renovation and interior works of the Lokpal premises at Vasant Kunj, New Delhi. The total consideration for this contract stands at Rs 82 crore. This order was given by the Lokpal of India.
Company Overview
NBCC, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India.
The company’s areas of operations are categorized into three main segments, i.e. Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
Order Book Analysis
As of January 2025, NBCC Ltd has a consolidated order book worth Rs 1 lakh crore. The company’s biggest order in FY25 is a Rs 12,712 crore project for developing a 406-acre satellite township in Srinagar, Jammu & Kashmir.
Financials
Looking at the financial statements, the company reported a 17 percent increase in revenue from Rs 2,424 crores to Rs 2,827 crores in Q3 FY24-25. This was accompanied by a 25 percent growth in net profits from Rs 114 crores to Rs 142 crores during the same period.
Written by Shwetha Sairam
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
