State-owned construction firm NBCC (India) Ltd on Monday (February 19) said it has secured three significant work orders worth a cumulative ₹369.05 crore. These contracts were secured through the regular course of business.
The first project pertains to the Rani Lakshmi Bai Central Agricultural University in Jhansi, Datia, and the upcoming campus in Morena and Khajurao, Newari. The project is valued at ₹331.9 crore.
NBCC also won a tender to construct a single-court complex and residential quarter in Boath, Adilabad district, Telangana. This project is valued at ₹12.17 crore.
The third project, involving the renovation and furnishing project of ICAI Bhawan in Noida, Uttar Pradesh, awarded by the Institute of Chartered Accountants of India (ICAI), is valued at ₹24.98 crore.
Recently, NBCC reported a 60.2% year-on-year (YoY) jump in net profit at ₹110.7 crore for the third quarter that ended December 31, 2023. In the corresponding quarter last year, NBCC (India) posted a net profit of ₹69.1 crore, the company said in a regulatory filing.
The company's revenue from operations increased 13% to ₹2,412.6 crore against ₹2,135.8 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA rose 23.2% to ₹117.3 crore in the third quarter of this fiscal over ₹95.2 crore in the corresponding period in the previous fiscal.
The EBITDA margin stood at 4.9% in the reporting quarter compared to 4.5% in the year-ago period. EBITDA is earnings before interest, tax, depreciation, and amortisation.
NBCC is mainly into PMC and real estate businesses. Shares of NBCC (India) Ltd ended at ₹141.30, up by ₹6.70, or 4.98% on the BSE.
