NBCC Wins ₹44.62 Crore Contract: Strong Growth Ahead!

“NBCC (India) secures a Rs 44.62 crore project management contract for MGIRI infrastructure. Discover the latest financial growth and share updates.”

nbcc india shares in focus on winning rs 45 crore pmc contract

Shares of NBCC (India), a state-owned construction company, will grab attention on Tuesday after winning a big contract worth Rs 44.62 crore. This contract is for managing important building projects at the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) in Wardha. NBCC said on Monday that they will oversee the construction of things like a hostel and a VIP guest house. This project is part of their plan to grow in the management of projects.

Recently, NBCC reported strong earnings for the third quarter of FY25. Their net profit, which is the money they made after costs, went up 25% from last year, reaching Rs 138.5 crore. They also saw their revenue, which is the total money earned from sales, grow 17% to Rs 2,827 crore, compared to Rs 2,423.5 crore in the same quarter last year.

In terms of operations, NBCC’s earnings before interest, taxes, depreciation, and amortization (EBITDA), a measure of their profit, increased by 22% to Rs 142 crore. Their profit margins slightly improved from 4.8% to 5%. The company predicts good growth for the next financial year, aiming for a revenue increase of 25-35% and a small rise in profit margins.

On Monday, NBCC shares closed at Rs 77.89 on the Bombay Stock Exchange (BSE), with a slight increase of 0.051%. Over the past year, the stock has gained 4.49%, but it has dropped by 34.4% in the last six months and 5% over the past month, including a small dip of 0.93% in the last week.

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