NBCC Reports 170% Jump In Consolidated Profit in Q4FY23!

NBCC (India) Ltd has reported robust returns in Q4FY23. The company’s net profit increased by 176.11% to Rs 113.74 crore in Q4FY23 as compared to Rs 176.11 crore in the same quarter last year and increased by 59.32% sequentially. The net sales of the company increased by 14.22% to Rs 2,732.42 crore as compared to Rs 2,392.32 crore in the same quarter last year and on a sequential basis, net sales rose by 29.10%. 

The PBIDT, excluding other income, rose by 42.94% to Rs 104.31 crore as compared to Rs 72.98 crore in the same quarter last year and sequentially increased by 9.59%. The company’s board recommended a final dividend at 54%, i.e., Rs 0.54 per equity share on the face value of paid-up equity shares of Rs 1 per share for FY23. 

NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a central public sector enterprise under the Indian Ministry of Housing and Urban Affairs. It was incorporated on 15 September 1965 with the objective of providing consultancy, engineering, procurement, and construction services for various government projects. 

The company’s present areas of operations are categorized into three main segments, i.e., Project Management Consultancy (PMC), including the redevelopment of government properties, Engineering, Procurement & Construction (EPC), and Real Estate Development. 

The share of NBCC Ltd opened at Rs 43.49 and has touched a high and low of Rs 44.15 and Rs 4.99, respectively. So far 8,90,000 shares have been traded on the bourses.      

At the time of writing, the shares of NBCC Ltd were trading at Rs 43.55, an increase of 3.20% from the previous day’s closing price of Rs 42.20 on the BSE. The stock has a 52-week high and low of Rs 44.15 and Rs 26.70, respectively on BSE.    

The company is currently trading at a PE of 21.3X against the industry PE of 28.1X. In FY23, the company’s ROE and ROCE were 19.3% and 26.2%, respectively. The firm belongs to Group A stocks and has a market valuation of Rs 7,587 crore.