NBCC (India) Ltd has successfully concluded an e-auction for residential apartments spanning approximately 8.80 lakh square feet at Avenue Towers, Africa Avenue Marg, Sarojini Nagar, New Delhi, with a total sale value of around Rs 5,191 crore.
In an exchange filing, NBCC said, "This is hereby informed that NBCC (India) Limited has successfully sold residential apartments of approx. 8.80 lac sq. ft area at Avenue Towers, Africa Avenue Marg Sarojini Nagar, New Delhi through an e-auction at total sale value of approximately Rs 5,191 crore."
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
NBCC To Earn 1% Marketing Fee
The company will receive a marketing fee equivalent to 1% of the total sale value from the transaction.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
NBCC Results
NBCC is scheduled to consider and approve its September quarter of financial year 2027 (Q2 FY27) results on November 5, 2026. It may also consider declaring second interim dividend.
In Q1 FY27, the company's net profit rose 17.2% year-on-year to Rs 155 crore from Rs 132 crore in the corresponding quarter last year.
Revenue declined 5.6% to Rs 2,260 crore from Rs 2,392 crore, while EBITDA increased 39% to Rs 155 crore from Rs 111 crore.
At the operating level, earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved to 6.9% from 4.7% in the year-ago period.
The company also approved the incorporation of a subsidiary as a special purpose vehicle (SPV) for a real estate investment trust (REIT).
NBCC Share Price History
NBCC shares have gained 0.55% over the past five trading days and risen 10.29% over the past month. The stock has advanced 24.9% over the past six months and 39.2% over the past year.
On a year-to-date basis, NBCC shares are up 42.6%, while the stock has delivered a gain of 135% over the past five years.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
