NBCC Q3 Results: Profit Surges 25% YoY, Interim Dividend Declared – Key Highlights & Financial Insights
NBCC Q3 Results: State-owned NBCC (India) Ltd., a Navratna public sector enterprise, has announced its financial results for the third quarter of the fiscal year 2024-25, showcasing a robust performance. The company reported a consolidated net profit of ₹138.48 crore, marking a 25% increase from ₹110.74 crore in the same quarter of the previous year. This impressive growth underscores NBCC’s strong position in the construction and real estate sectors.
Revenue Growth and Expenditure
NBCC’s consolidated revenue from operations for Q3FY25 rose by 16.65% year-on-year to ₹2,826.96 crore, up from ₹2,423.52 crore in the corresponding quarter of the previous financial year. This increase reflects the company’s expanding project portfolio and its ability to execute large-scale projects efficiently.
Total expenditure during the quarter also saw a rise, jumping 16.4% YoY to ₹2,686.1 crore from ₹2,307.51 crore. The increase in expenditure is in line with the company’s growth trajectory and its commitment to delivering quality projects.
Earnings Per Share and Dividend Declaration
The company’s basic earnings per share (EPS) for Q3 increased to ₹0.51 from ₹0.41 year-over-year and ₹0.45 quarter-over-quarter, indicating a positive trend in shareholder value.
In a move to reward its shareholders, NBCC declared an interim dividend for the financial year 2024-25 of ₹0.53 per equity share of ₹1 each. The record date for dividend payment has been fixed as Tuesday, February 18, 2025.
Standalone Performance
On a standalone basis, NBCC’s profit rose by 37% YoY to ₹128.60 crore from ₹93.67 crore in the corresponding quarter of the previous financial year. Revenue also saw an uptick, rising 6.73% YoY to ₹2,047.77 crore from ₹1,918.60 crore in Q3FY24.
Share Price Performance
Over the last year, NBCC’s share price has experienced a decline of 13.5%. The stock hit a 52-week high of ₹139.90 on August 28, 2024, after reaching a 52-week low of ₹70.14 on March 14, 2024. On a monthly scale, the stock has declined 14% in February so far, following a 7.5% gain in January. Ahead of its Q3 results on Tuesday, February 11, the stock ended 5.47% down at ₹85.33.
Key Financial Ratios
To provide a clearer picture of NBCC’s financial health, here are some key financial ratios:
| Metric | Value |
|---|---|
| Market Capitalization | ₹23,032 Cr. |
| Current Price | ₹85.4 |
| 52-Week High / Low | ₹140 / ₹70.1 |
| Stock P/E Ratio | 40.7 |
| Book Value | ₹8.66 |
| Dividend Yield | 0.49% |
| Return on Capital Employed (ROCE) | 32.0% |
| Return on Equity (ROE) | 24.8% |
| Face Value | ₹1.00 |
| Debt to Equity Ratio | 0.00 |
| Industry P/E | 30.6 |
| Debt | ₹0.41 Cr. |
| PEG Ratio | 6.09 |
| Intrinsic Value | ₹27.3 |
| Graham Number | ₹19.0 |
| Piotroski Score | 8.00 |
| Price to Book Value | 9.86 |
| Number of Equity Shares | 270 |
| Return on Invested Capital (ROIC) | 32.5% |
These ratios highlight NBCC’s strong financial position, with notable returns on capital and equity, and a debt-to-equity ratio of 0.00, indicating a debt-free status.
Future Outlook
NBCC’s consistent financial performance, marked by significant profit growth and revenue increases, reflects its strategic focus on expanding its project management consultancy and real estate businesses. The company’s commitment to delivering quality projects and its robust order book position it well for sustained growth in the coming quarters.
Investors will be keen to monitor how NBCC leverages its strong financial position to capitalize on emerging opportunities in the construction and real estate sectors. The declaration of an interim dividend also underscores the company’s dedication to enhancing shareholder value.
As NBCC continues to execute its strategic initiatives, its performance in the upcoming quarters will be crucial in determining its long-term growth trajectory and its ability to maintain its position as a leading player in the industry.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.