NCC bags orders worth over Rs 2,000 crore in June, led by buildings, electrical division

Last month, NCC had won orders totalling to Rs 2,088 crore. While the building division received orders worth Rs 1,668 crore, the water division had secured orders worth Rs 420 crore.

NCC is into diverse sectors of construction and infrastructural development related to buildings, transportation, water & environment, electrical (T&D), irrigation, mining and railways sectors.

The company in financial year 2023 had bagged orders worth Rs 25,895 crore taking its order book to Rs 50,244 crore, NCC told analysts in a conference call in May.

NCC reported a consolidated turnover of Rs 4,981.36 crore for the March quarter of financial year 2023, as against Rs 3,491.76 crore a year ago. The company reported an operational profit of Rs 464.61 crore for the quarter.

Shares of NCC are currently trading little changed at Rs 122, having cooled off from the day's high. The stock has gained 33 percent so far on a year-to-date basis. Over the last 12 months, the stock has more-than-doubled, returning over 120 percent to its shareholders.