State-owned construction giant NBCC (India) Ltd. has reported a series of significant business developments, including a new order and strong financial performance for the June quarter. NBCC announced that its wholly-owned subsidiary, HSCC (India) Ltd., has secured an order valued at ₹528.21 crore from the Directorate of Medical Education and Research, Haryana. The contract involves procuring bio-medical equipment and hospital furniture for the Pt. Deen Dayal Upadhayaya University of Health Sciences in Karnal.
This latest contract marks the third major order for NBCC within a week. The company previously secured two substantial orders totaling nearly ₹720 crore. The first order, worth ₹9.97 crore, was awarded by the Institute of Company Secretaries of India for constructing a new building at its Hyderabad Chapter. The second, a ₹710 crore project, was commissioned by the Jhansi Development Authority for developing two land parcels in Jhansi on a self-sustainable basis.
Adding to its winning streak, NBCC recently announced an impressive ₹15,000 crore contract from the Srinagar Development Authority. The massive order, which is almost half of NBCC’s market capitalization of ₹33,000 crore, is for the development of a satellite township spanning 406 acres at Rakh-e-Gund Akshah in Bemina, Srinagar.
In addition to these contract wins, NBCC has reported robust financial performance for the June quarter. The company’s net profit surged by 38.5% to ₹107.2 crore, up from the previous year’s figures. Revenue grew by 11.3% to ₹2,144.2 crore, while its EBITDA saw a remarkable 60.6% increase to ₹91.7 crore. The EBITDA margin also expanded to 4.3%, up from last year’s 3%.
NBCC’s stock reacted positively to these developments, trading 1.99% higher at ₹176.67 per share as of 11:40 AM on August 14. The stock has gained 115.71% this year but remains 6.6% lower over the past month.
