NBCC Q2: Net Profit Jumps 53% To ₹122 Cr

NBCC (India) posted its Q2 results on Wednesday afternoon. The company’s shares were down in the red after the results came out.

What Happened: The Navratna company posted a 53.42% year-on-year increase in net profit to ₹122.11 crore in the quarter. The construction company’s topline increased by 19.44% to ₹2458.72 crore in the quarter from July to September.

In the September quarter of the previous year, the company posted a net profit of ₹79.59 crore and ₹2,058.52 crore revenue.

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The project management consultancy segment revenue jumped from ₹1892.17 crore in the previous year to ₹2177.77 crore in the September quarter.

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The real estate revenue reached ₹57.42 crore from ₹38.25 crore in the previous year. The engineering, procurement and construction segment revenue jumped to ₹209.60 crore from ₹127.11 crore in the previous year.

So far in November, NBCC has won orders worth ₹1,249.2 crore from GAIL (India), the Bureau of Indian Standards, Power Grid, and the Bank of Baroda.

In October it had won orders worth over ₹4,500 crore. These orders include projects from Goa, a subsidiary winning hospital construction projects, Oil India and other projects.

Price Action: Shares of NBCC (India) have fallen 4.06% to ₹89.67  on Wednesday.

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