NBCC Reports 25% Surge in Q3 Profit and Declares Interim Dividend
Click to start listening
Synopsis
NBCC (India) Limited has reported a 25% increase in its consolidated net profit for Q3 FY25, reaching Rs 138.48 crore. The company also declared an interim dividend and experienced significant revenue growth, driven by enhanced project execution and operational performance.
Key Takeaways
- Profit Growth: 25% YoY increase in net profit.
- Revenue Surge: 16.65% rise in revenue from operations.
- EBITDA Improvement: EBITDA up by 22% YoY.
- Interim Dividend: Rs 0.53 per share declared.
- Market Reaction: NBCC shares fell by 5.47% on BSE.
Mumbai, Feb 11 (NationPress) The Navratna public sector unit NBCC (India) Limited announced a remarkable 25% year-on-year (YoY) increase in its consolidated net profit for the December quarter (Q3 FY25), amounting to Rs 138.48 crore, compared to Rs 110.74 crore in the same quarter of the previous year (Q3 FY24).
Additionally, the company experienced a robust growth in its revenue from operations, which rose by 16.65% to Rs 2,826.96 crore, up from Rs 2,423.52 crore in the corresponding period last year.
This revenue growth was attributed to enhanced project execution and better operational performance, as per its filing with the stock exchange.
Furthermore, NBCC declared an interim dividend of Rs 0.53 per equity share for the financial year 2024-25 (FY25), with the payment date set for February 18.
At the operating level, EBITDA surged by 22% on a year-on-year basis to Rs 142 crore compared to Rs 116.8 crore in the same quarter last year.
The EBITDA margin also saw a slight improvement, rising to 5% from 4.8% YoY.
The company's basic earnings per share (EPS) for Q3 climbed to Rs 0.51, up from Rs 0.41 YoY and Rs 0.45 in the preceding quarter.
On a standalone basis, NBCC’s profit soared by 37% YoY to Rs 128.60 crore, up from Rs 93.67 crore in the same quarter of the last fiscal year.
Standalone revenue increased by 6.73% YoY to Rs 2,047.77 crore, compared to Rs 1,918.60 crore in the year-ago period.
However, NBCC shares dropped by 5.47% to Rs 85.33 on the BSE on Tuesday, ahead of the results announcement.
Meanwhile, the Indian stock market faced a downturn, losing over 1% as investors reacted negatively to recent steel tariff measures announced by US President Donald Trump.
The Sensex concluded the session down by 1,018.20 points, or 1.32%, settling at 76,293.60.
The Nifty followed suit, closing at 23,071.80, down 309.80 points, or 1.32%.
Market experts attribute the weak investor sentiment to the uncertainty surrounding US trade policies and the repercussions of tariffs on global trade.
