NBCC Shares Surged Over 2% After Securing Orders Worth Rs 315 Crore

NBCC (India), a leading construction and project management consultancy, witnessed a rise in its share price following the announcement of a new order. On November 27, 2024, the company’s stock rose by up to 2.34%, hitting an intraday high of Rs 96.80 per share. The surge in share price follows the company’s successful acquisition of a Rs 315 crore order from the Government of Odisha. This deal will see NBCC (India) upgrading primary school hostels across various locations in the state, enhancing the company’s growth prospects.

NBCC (India) Secures Rs 315 Crore Order from Odisha Government

NBCC (India) has been awarded a significant contract worth Rs 315 crore by the ST & SC Development, Minorities & Backward Classes Welfare Department of the Government of Odisha. As per the terms of the order, NBCC will undertake the upgradation of primary school hostels (PSH) under the State Sector Scheme at several locations across Odisha. This contract adds a substantial project to the company’s portfolio, contributing to its revenue growth and further solidifying its reputation as a prominent player in the Indian construction sector.

Strong Q2FY25 Performance Boosts Investor Confidence

For the second quarter of the financial year 2025 (Q2FY25), NBCC (India) reported a remarkable 53% year-on-year (YoY) increase in its consolidated profit, which rose to Rs 122 crore from Rs 79.6 crore in Q2FY24. Additionally, the company’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased by 5% YoY, reaching Rs 100 crore compared to Rs 96 crore in the previous year. However, the company experienced a slight dip in its EBITDA margin, which decreased by 50 basis points to 4.1% from 4.6% last year..

Conclusion: NBCC (India) has recently secured a major order worth Rs 315 crore from the Government of Odisha and reported a strong Q2FY25 performance. These developments reflect the company’s current trajectory and its role in contributing to infrastructure development across India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions