NBCC Q2 Results: Net profit rises 52% to ₹125.14 crore; share price ends 4% lower

Q2 Results: NBCC India Ltd witnessed a net profit increase of 52% year on year (YoY) to ₹125.14 crore for the quarter ended September 2024, compared with ₹81.90 crore posted in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the net profit jumped 16.73% from ₹107.20 crore reported profit during the April-June quarter (Q1FY25).

NBCC India Ltd, which reported its financial performance on November 13, saw its revenues from operations at ₹2,458.73 crore during the July-September 2024 quarter, up 19.5% compared to ₹2058.53 crore in the year-ago quarter. On a sequential basis, revenue from operations soared 15% over ₹2144.16 crore in the preceding June quarter.

While the growth in revenues during Q2 was encouraging, some decline in operating profit margins was evident. Operating margin slightly softened to 4.1% compared to around 4.6% in the year-ago quarter.

Stock price movement

NBCC share price ended at ₹89.38 on the BSE today, down 4.36%. The results were declared just before the market closed.

The NBCC share price had opened at ₹92.01 on Wednesday, slightly lower than Tuesday's close of ₹93.45. NBCC share price, however, came under pressure thereafter amid selling pressure in the markets and also nervousness around Q2 performance. NBCC share price dipped to intraday lows of ₹88.34 while its intraday high was ₹93.01.

Multibagger returns by NBCC shares

NBCC share price has fallen 21% during the last one month amid the ongoing market correction. However, the stock has given more than 64% returns to inventors this year. Over the last one year, NBCC share price is still up slightly more than 97% and 200% over the past two years.

While NBCC has yet not disclosed its order book position at the end of Q2FY25, nevertheless order flow remains strong.

Order Flows

NBCC (India) Limited on Tuesday announced being awarded various work orders.

These include: 

• Planning, designing and executing Interior/Fit-out work at office space on the 4th, 5th & 6th floor in Tower-G for GAIL (India) Ltd. at World Trade Centre, Nauroji Nagar, New Delhi amounting to ₹50 crore (approx.).
• Demolition and comprehensive design engineering, construction & furnishing of 04 nos. of buildings of New India Assurance located at Andheri (West) and Malad(West) amounting to Rs. 136 crore (approx.).
• Construction of PRATYAKSHA KAR BHAWAN along with Residential Complex (consisting of Type-II, III and IV Quarters) and MSTU setup at Kheora Bangar, Kanpur (UP) amounting to ₹262.74 crore (approx.).

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