NBCC Share Price Rises After ₹296 Crore Order from Meerut Development Authority

Market Performance

NBCC (India) Ltd. shares surged nearly 3% in early trade on Monday, June 23, following positive developments regarding project orders and robust financial performance.

• NBCC's share price reached ₹120.36 per share, up 2.8% by 12:30 PM.
• The stock has gained an impressive 29.4% year-to-date, highlighting strong investor confidence.

Main News

The recent uptick in NBCC shares comes on the back of two significant order wins:

• The company secured a ₹296.53 Crore project from the Meerut Development Authority (MDA).
• This is a project management consultancy contract aimed at redevelopment projects in Meerut, Uttar Pradesh.

Additionally, NBCC bagged another significant contract:

• A ₹172.5 Crore deal from UCO Bank.
• The project involves constructing a modern high-rise Head Office in New Town, Kolkata, which will include green building certification.

Company Details

NBCC is a government-owned entity engaged in project management, construction, and real estate development across India. These new order wins underscore the company’s expanding presence in large-scale urban infrastructure and green construction initiatives.

Financial Performance

NBCC posted solid financials for the fourth quarter, showcasing its operational strength:

Revenue

• Reported a 16.2% increase in revenue.
• Total revenue stood at ₹4,642.5 Crore, compared to ₹3,996.3 Crore in the previous fiscal year.

EBITDA

• EBITDA rose 19.3% year-on-year.
• The figure jumped to ₹290 Crore from ₹243.2 Crore.

EBITDA Margins

• Margins slightly improved to 6.25% from 6.09%, reflecting better cost management and project efficiency.

Net Profits

• Net profit surged 29% in the fourth quarter.
• Profit reached ₹176 Crore, up from ₹136 Crore in the same period last year.

Summary

The NBCC share price rally reflects the market's positive reaction to its fresh project wins worth over ₹469 Crore and solid quarterly results. With a sharp uptick in revenue, profit, and order book, NBCC continues to maintain its growth trajectory. The company's strategic focus on green and large-scale infrastructure projects is further strengthening its position in the sector.