NBCC Secures Orders Worth Rs 216 Crore In Mumbai And Haryana
This includes a Rs 166.9-crore order received from the Central University of Haryana, and Rs 48.7 crore from the Mumbai-based Western Regional Power Committee.
NBCC India Ltd. bagged orders from Central University of Haryana and the Mumbai-based Western Regional Power Committee, cumulatively amounting to Rs 215.63 crore.
The company received a Rs 166.93-crore order for "planning, designing and developing infrastructure facilities and other works" from the Haryana university, according to an exchange filing on Wednesday.
The public sector undertaking will also provide "project management consultancy for demolishing, designing, constructing and furnishing" the WRPC office and guest house in Mumbai for Rs 48.7 crore, the filing added.
In March, NBCC secured two orders worth Rs 658.43 crore. The first order of Rs 438.98 crore was from Uttarakhand Investment and Infrastructure Development Board while the second project of Rs 219.45 crore was from the Centre for Development of Telematics.
In the quarter ended December 2024, NBCC India reported a 25% increase in its net profit to Rs 138.5 crore, compared to Rs 110.7 crore in the same quarter last year.
The firm recorded a revenue of around Rs 2,827 crore during the third quarter, marking a 17% growth from Rs 2,423.5 crore during the same period of the previous fiscal.
Shares of NBCC on Wednesday closed 1.52% higher at Rs 82.85 apiece on the National Stock Exchange, compared to a 0.72% rise in the benchmark Nifty. The stock has fallen 3.06% in the last 12 months and declined 10.92% on a year-to-date basis.
Two out of the three analysts tracking the company have a 'buy' rating on the stock and one recommends 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 43.8%.
