NBCC Secures ₹432 Crore Order for Sustainable Campus in Odisha

NBCC (India) Ltd announced on December 10, 2024, that it had secured a prestigious ₹432 crore order for constructing a net-zero sustainable campus at the Central University of Odisha, Sunabeda. The project involves comprehensive project management consultancy services and highlights NBCC’s focus on sustainable development practices.

Major Orders Won by NBCC in Recent Weeks

In addition to this recent achievement, NBCC and its wholly-owned subsidiary, HSCC (India) Ltd., have secured significant contracts, showcasing their continued growth momentum:

• ₹600 Crore Orders by HSCC (India):
  Last week, HSCC (India) Ltd. bagged two orders worth ₹600 crore from Maharashtra’s National Health Mission.
• ₹213 Crore Construction Project:
  NBCC won a ₹213 crore construction project for Motilal Nehru College, New Delhi.
• ₹600 Crore Industrial Plot Development in Noida:
  NBCC partnered with the Housing and Urban Development Corporation (HUDCO) to develop a 10-acre industrial plot in Noida, with a tentative project cost of ₹600 crore.
• ₹316 Crore School Hostel Upgradation in Odisha:
  In November, the company secured an order worth ₹316 crore from the Odisha government to upgrade primary school hostels at various locations under the state sector scheme.

Financial Performance

Key highlights from the latest quarterly results include:

• Net Profit Surge: The company’s net profit increased by 52.8% year-on-year to ₹125.1 crore, compared to ₹81.9 crore in the corresponding quarter last year.
• Revenue Growth: Revenue stood at ₹2,458.7 crore for the period, indicating steady operational efficiency.
• EBITDA Insights EBITDA for the quarter rose 4.6% year-on-year to ₹100 crore. However, the EBITDA margin declined slightly to 4.1% from 4.6% in the same period last year.

Share Price Performance of NBCC

As of 11:22 AM on December 10, 2024, NBCC’s share price on NSE was trading higher by 0.16%, at ₹103.50.

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.