NBCC (India) Ltd Share Price – NSE  /  BSE

Realty, Small Cap

Net profit of NBCC (India) declined 16.62% to Rs 79.59 crore in the quarter ended September 2023 as against Rs 95.46 crore during the previous quarter ended September 2022. Sales rose 1.72% to Rs 2047.70 crore in the quarter ended September 2023 as against Rs 2013.08 crore during the previous quarter ended September 2022.

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NBCC (India), a government-owned construction company, has recently secured two significant orders from the Haryana government. The combined value of these orders amounts to Rs 212 crore. These projects involve the supply of essential equipment to medical colleges in the region, further emphasizing the company's commitment to enhancing healthcare infrastructure.

The first work order, valued at Rs 75 crore, pertains to the University of Health Sciences, currently under construction in Karnal, Haryana. NBCC (India) is tasked with the planning, procurement, and maintenance of vital hospital furniture, as well as biomedical equipment.

Further, NBCC (India) has also secured a second work order worth Rs 137 crore. This order involves the planning, procurement, and maintenance of hospital furniture and biomedical equipment for not one, but two under-construction government medical colleges. The colleges in question are located in Koriyawas and Bhiwani, respectively, and are named Government Medical College and Pt. Neki Ram Sharma Government Medical College.

NBCC (India) provides civil engineering construction services. As on 30 June 2023, the Government of India held 61.75% stake in NBCC (India).

The company had reported a consolidated net profit of Rs 75.14 crore in the quarter ended June 2023 as against net loss of Rs 6.29 crore during the previous quarter ended June 2022. Sales rose 7.11% to Rs 1913.79 crore in Q1 FY24 over Q1 FY23.

Shares of NBCC (India) rose 2.23% to settle at Rs 67.37 on 2 November 2023.

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NBCC (India) has received work orders worth Rs 100.79 crore as detailed below:

Work order worth Rs 60.79 crore placed by Directorate General CPWD for providing and fixing LED Flood Light in Dampa Tiger Reserve Forest (DTRF) area near BP 2313 to near 2305/2-RI in Mizoram State along Indo-Bangladesh Border (approximate length:60 KM).

Work order worth Rs 40 crore placed by Navodaya Vidyalaya Samiti for construction of Phase Aand B works for JNV Khagariya (Bihar).

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NBCC (India) will hold a meeting of the Board of Directors of the Company on 9 November 2023.

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