NBCC (India) Ltd, the state-owned construction firm, witnessed a remarkable surge of 5% in its shares following the announcement of its third-quarter results. The company reported a robust 60.2% year-on-year increase in net profit, reaching ₹110.7 crore for the quarter ending December 31, 2023. This is a significant leap from the ₹69.1 crore profit recorded in the same period last year.
According to a regulatory filing, NBCC’s revenue from operations also saw a substantial uptick, climbing 13% to ₹2,412.6 crore compared to ₹2,135.8 crore in the corresponding quarter of the previous fiscal year. At the operational level, the company’s EBITDA (earnings before interest, tax, depreciation, and amortisation) witnessed a notable rise of 23.2%, reaching ₹117.3 crore in the third quarter of the current fiscal year, compared to ₹95.2 crore in the same period last year.
Furthermore, NBCC demonstrated an improvement in its EBITDA margin, which increased to 4.9% from 4.5% in the year-ago period.
As of 11:06 am, the company’s shares were trading 4.98% higher at ₹130.60, reflecting the positive market sentiment towards its performance.
