Shares of NBCC (India), a major construction company, jumped more than 8 percent on Monday after its subsidiary, HSCC (India) Limited, secured a big order worth ₹411.45 crore. This is a significant achievement for NBCC as it continues to take on high-value projects.
HSCC (India), fully owned by NBCC, got the order from the Medical Education & Ayush Department, Government of Maharashtra. HSCC will build a new government medical college for 100 students and a 430-bed hospital in Buldhana, Maharashtra, according to NBCC’s statement.
After this news, NBCC’s stock went up by as much as 8.1 percent, reaching ₹188.80. This is close to its peak of ₹198.25, reached on July 9, 2024. The stock has seen impressive growth, rising 344 percent from its 52-week low on July 28 last year.
Over the past year, NBCC shares have surged over 303 percent, with a 131 percent increase in 2024 alone. The stock has given positive returns in six of the seven months this year, including a 17.5 percent gain in July, continuing its gains for the fourth month in a row.
It went up 10 percent in June, 2.2 percent in May, and 17.5 percent in April. The only exception was March 2024, when the stock fell by 12 percent. Earlier in the year, the stock increased by 4.5 percent in January and 58.7 percent in February.
Financially, NBCC has been strong. The company’s profit increased by 24.6 percent year-on-year to ₹141.5 crore in the March quarter of FY24, up from ₹113.6 crore in the same quarter the previous year.
Additionally, NBCC’s revenue grew by 43 percent annually to ₹4,025 crore in Q4FY24, compared to ₹2,814 crore in Q4FY23. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled to ₹240.2 crore in Q4FY24 from ₹104.5 crore in Q4FY23. The EBITDA margin also improved, increasing to 6 percent in Q4FY24 from 3.7 percent in Q4FY23.
NBCC (India) is a leading construction company offering services like project management consultancy, real estate development, engineering procurement, construction, and civil engineering. The company also specializes in water treatment plants, water supply networks, and solid waste management.
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