NBCC Wins ₹112 Crore Orders, Q2 Profit Jumps 53%

19 Nov 2024 , 04:37 PM

NBCC (India) Ltd. secured multiple orders worth ₹112 Crore from the ST & SC Development, Minorities, and Backward Classes Welfare Department. A significant order worth ₹22 Crore focuses on upgrading Badapada High School, Malkangiri, to a higher secondary school (arts stream).

Six other orders, each valued at ₹15 Crore, include:

• Upgrading Mahadeiput Ashram School, Koraput, to a high school.
• Transforming Chandaka Ashram School, Koraput, into a high school.
• Enhancing Hikimput Ashram School, Koraput, to a high school.
• Upgrading Salepada PVTG Girls Education Complex, Nuapada, to a high school.
• Converting Dhobei Ashram School, Nuapada, into a high school.
• Transitioning Birighat Ashram School, Nuapada, to a high school.

Last week, NBCC announced its September quarter financial results, revealing mixed performance trends. Net profit surged 52.8% YoY, reaching ₹125.1 Crore, compared to ₹81.9 Crore in the same quarter last year. Revenue increased by 19.4% YoY to ₹2,458.7 Crore from ₹2,085.5 Crore. EBITDA stood at ₹100 Crore, reflecting a 4.6% YoY growth. However, the EBITDA margin narrowed by 50 basis points to 4.1%, compared to 4.6% in the previous year. NBCC continues to strengthen its portfolio with strategic projects and consistent revenue growth.