NBCC India saw a 3.7% increase in its share price on Thursday, hitting an intraday high of ₹92.75. This surge came after the company reported a 53% rise in its net profit for Q2FY25. With this positive performance, investors looking to invest in stocks may find NBCC an appealing option.
Strong Q2FY25 financial performance
NBCC announced its Q2FY25 results on Wednesday, revealing a substantial increase in net profit. The company’s consolidated profit for the quarter surged 53% to ₹122 crore, compared to ₹79.59 crore in Q2FY24. Revenue also saw a notable boost, rising 19.4% to ₹2,459 crore, up from ₹2,059 crore in the same period last year.
In terms of earnings, the company’s EBITDA grew by 5%, reaching ₹100 crore. However, the EBITDA margin slightly contracted by 50 basis points, from 4.6% to 4.1% year-on-year.
Stock performance and market overview
At 10:44 AM, NBCC’s stock was trading at ₹91.5, marking a 2.37% increase. The company’s market capitalisation stood at ₹24,705 crore. The 52-week high for NBCC shares is ₹139.9, while the low is ₹42.55.
Despite the recent surge, the stock has experienced significant growth over the past year, outperforming the broader market. During the same period, the BSE Sensex was flat at 77,691.81.
About NBCC India
Founded in 1960, NBCC India is a public sector undertaking (PSU) under the Ministry of Housing and Urban Affairs. The company is recognised for its role in executing large-scale public sector projects, including the construction of government buildings, hospitals, and educational institutions. NBCC also provides consultancy services in project management, engineering, and architecture.
Additionally, the company has expanded internationally, with a growing presence in countries such as the UAE, Nepal, and Mauritius.
Key takeaways
Investors looking to invest in stocks should note NBCC’s impressive performance and continued growth trajectory in the infrastructure sector.
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