NBCC Q3 Results: Profit Up 25%, Revenue Rises 17%
NBCC also declared a dividend of Rs 0.53 per share for financial year 2024–25.
NBCC (India) Ltd.'s consolidated net profit jumped 25% in the third quarter of the current financial year to Rs 138.5 crore as compared to Rs 110.7 crore in the year-ago period.
The public sector firm posted a revenue of approximately Rs 2,827 crore in the quarter ended December, a 17% rise from Rs 2,423.5 crore in the same period last fiscal, according to an exchange filing on Tuesday.
NBCC Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 17% to Rs 2,827 crore versus Rs 2,423.5 crore.
Ebitda up 21% to Rs 142.5 crore versus Rs 117.3 crore.
Margin expands 20 basis points to 5% versus 4.8%.
Net profit up 25% to Rs 138.5 crore versus Rs 110.7 crore.
NBCC also declared a dividend of Rs 0.53 per share of a face value of Re 1 each for financial year 2024–25. The record date for the dividend is set as Feb. 18.
Shares of NBCC closed 5.38% lower at Rs 85.36 apiece on the National Stock Exchange, compared to a 1.32% fall in the benchmark Nifty. The stock has fallen by 3.84% in the last 12 months.
Out of the four analysts tracking the company, two maintain a 'buy' rating on the stock and as many recommend 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 55.8%.
