Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India hit a 5 percent in the day’s trade following the release of its Q3FY24 results with a 58 percent jump in net profits.
With a market capitalization of Rs. 23,535 Crores, the shares of NBCC (India) Limited hit a 5 percent upper circuit at Rs. 130.75, from its previous day’s close price of Rs. 124.55.
Its revenue from operations grew by 12.96 percent YoY from Rs. 2,135.78 Crores in Q3FY23 to Rs. 2,412.61 Crores in Q3FY24 and it grew 17.50 percent QoQ from Rs. 2,053.25 Crores in Q2FY24 to Rs. 2,412.61 Crores in Q3FY24.
Its Net Profit grew by 58.84 percent YoY from Rs. 71.49 Crores in Q3FY23 to Rs. 113.56 Crores in Q3FY24 and it grew 38.65 percent QoQ from Rs. 81.9 Crores in Q2FY24 to Rs. 113.56 Crores in Q3FY24.
NBCC 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 clientele base, some of its well-known clients include IIT, IIM, SJVN, BHEL, NTPC, the Republic of Mauritius, the Republic of Maldives, and many More.
As of Q2FY24, it has a consolidated order book of ~Rs. 55,300 Crores and it generates 92 percent of its revenue from Project Management Consultancy, 6 percent from Engineering procurement and construction, and 2 percent from real estate.
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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