NBCC Shares Rises For 4.3% of worth ₹369 Cr

NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore

Introduction

NBCC (India) shares observed a significant surge of 4.3% to ₹147.40 after securing orders worth ₹369.05 crore, including prestigious projects for Rani Lakshmi Bai Central Agricultural University and Telangana High Court. The stock’s remarkable 208% gain in the last six months underscores the company’s strong performance and investor confidence.

Overview of Orders

NBCC recently announced securing orders worth ₹331.9 crore from the Rani Lakshmi Bai Central Agricultural University for upcoming infrastructure development works. Additionally, the company received an order worth ₹12.2 crore from the Telangana High Court for the construction of a single court complex and residential quarter in Adilabad district.(NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore)

Moreover, NBCC secured a project for the renovation and furnishing of the Institute of Chartered Accountants of India Bhawan in Noida, valued at ₹24.98 crore. These orders underscore NBCC’s continued success in winning prestigious projects across diverse sectors.(NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore)

Financial Performance

In terms of financial performance, NBCC posted a 59% improvement in its consolidated net profit, reaching ₹113.56 crore in Q3FY24, compared to ₹71.49 crore in the same period last year. The company’s consolidated revenue from operations during the December quarter also saw a significant increase, rising to ₹2,471.51 crore from ₹2,191.24 crore in Q3 FY23, representing a 12.80% growth.

The revenue from NBCC’s project management consultancy (PMC) segment, which accounts for 90% of its revenue, rose to ₹2,241 crore from ₹1,950 crore in Q3 FY23. Additionally, the revenue from the real estate and EPC segments stood at ₹33 crore and ₹130 crore, respectively.

Stock Performance

Driven by strong order wins and robust financial performance, NBCC’s stock has rewarded its shareholders with impressive returns! The stock surged 208% in the last six months and 329% in the last year, showcasing its strong growth trajectory. Since its low of ₹15.90 apiece in April 2020, the stock has skyrocketed by an astonishing 809%.(NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore)

Company Overview

Established in 1960 as the construction arm of the Government of India, NBCC achieved ‘Navratna’ status in 2014. The company’s core operations span across three primary segments: project management consultancy (PMC), real estate development, and EPC contracting. Its real estate segment includes residential and commercial projects, demonstrating NBCC’s diverse portfolio.(NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore)

Conclusion

NBCC’s recent order wins and robust financial performance underscore its strong position in the construction and infrastructure sector. The company’s ability to secure prestigious projects and deliver consistent growth highlights its potential for future expansion. Investors are advised to consult with certified experts before making any investment decisions.

In conclusion, NBCC’s recent successes reflect its commitment to excellence and innovation in the construction industry. As the company continues to secure new projects and expand its presence, it is poised for further growth and success in the future.(NBCC Shares rise 4.3% After Bagging New Orders Worth ₹369 Crore)

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