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NBCC Secures Over 1,000 Bookings for Greater Noida Project, Stock Dips Slightly

Kaiden Mills by Kaiden Mills
2 months ago
Reading Time: 2 mins read
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NBCC (India) Ltd. received an overwhelming response for its Aspire Centurian Park project in Greater Noida, with 1,046 residential unit bookings through an electronic auction on March 19. The total estimated transaction value stands at a hefty ₹2,353 crore. NBCC will earn a 1% marketing fee on the total sale, adding a lucrative revenue stream to its portfolio.

Stock Movement and Recent Performance

Shares of NBCC closed at ₹82.89 on March 20, reflecting a slight dip of 0.53% from the previous close. While the stock saw a minor decline, it has gained 13% over the past year and 0.22% in the last month, indicating steady investor confidence despite short-term fluctuations.

A 13% gain over one year is notable, considering the broader market conditions. The stock has seen some volatility but remains largely resilient. A minor 0.53% decline isn’t alarming, especially following a major sales transaction announcement.

Aspire Centurian Park project

New Contract Win from MGIRI Wardha

On March 17, NBCC secured a ₹44.62 crore contract from the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI) in Wardha. The scope of work includes:

  • Construction and infrastructure development at the MGIRI campus
  • Establishment of a hostel
  • Development of a VIP guest house

This contract reinforces NBCC’s stronghold in the infrastructure sector, adding another feather to its cap. The company will execute the project under its Engineering, Procurement, and Construction (EPC) model, ensuring streamlined management from start to finish.

Strong Financial Performance in Q3

NBCC’s financials for the December quarter showed solid growth, with a 25.1% jump in net profit to ₹138.5 crore from ₹110.7 crore a year earlier. Revenue from operations increased by 16.6% to ₹2,827 crore compared to ₹2,423 crore in the previous year.

A closer look at key financial metrics:

MetricQ3 FY25 (₹ crore)Q3 FY24 (₹ crore)% Change
Net Profit138.5110.7+25.1%
Revenue2,8272,423+16.6%
EBITDA142116.8+22%
EBITDA Margin5%4.8%Modest expansion

The improvement in EBITDA and margin expansion, albeit slight, signals operational efficiency gains. With a strong order book and continuous contract wins, NBCC seems well-positioned for sustained growth in the coming quarters.

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Kaiden Mills

Kaiden Mills

Kaiden Mills is a talented content writer who wields words with precision to craft engaging and informative pieces. With a keen eye for detail and a passion for research, he consistently delivers high-quality content that educates and entertains. Kaiden's dedication to his craft makes him a valuable contributor to the world of written communication.

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