NBCC stock snaps a 7-day losing streak, locked in 5% upper circuit after PAT grows 59% YoY in Q3
₹130.60 apiece in today's trade. Investors responded positively to the company's performance in the December quarter, released after market hours on Tuesday. NBCC posted a 59% improvement in its consolidated net profit at ₹113.56 crore.
In the same period last year, the company reported a net profit of ₹71.49 crore. The consolidated revenue from the operations during the reporting quarter jumped to ₹2,471.51 crore from ₹2,191.24 crore in Q3FY23, which is an increase of 12.80%. Also Read: Valentine's Day stocks: ITC, Titan, Zomato, among seven stocks to watch out for The revenue from its PMC segment, which accounts for the company's 90% revenue, rose to ₹2,241 crore from ₹1,950 crore in Q3FY23, while the revenue from the real estate and EPC segments came in at ₹33 crore and ₹130 crore, respectively.
The operating profit jumped to ₹119 crore, a 41.6% YoY jump, while the EBITDA margin expanded by 400 basis points to 18% in Q3FY24. During the first nine months of the current fiscal year, the company's net profit soared to ₹273 crore from ₹164 crore in the year-ago period. Additionally, its total revenue increased to ₹6,566 crore in the first nine months of this fiscal, compared to ₹6,118 crore in the corresponding period of the previous year.
Also Read: Paytm share price cracks 10% to hit 52-week low; analysts say avoid the stock On the back of strong order wins from the government, the stock rewarded its shareholders with a return of 167.90% in just six months, and it gained 275% in the last one year. Taking the stock's April 2020 low of ₹15.90 apiece into account, it has skyrocketed 721% to date. On January 10, the company bagged a contract from the National Institute of Fashion Technology for the construction of the NIFT
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