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NBCC shares are down over 35% from its recent peak and that correction from the highs has trimmed the stock's year-to-date advance down to 65%.
By Hormaz Fatakia November 13, 2024, 3:24:07 PM IST (Published)
State-run NBCC Ltd. reported its September quarter results on Wednesday, November 13, which were higher on some parameters on a year-on-year basis, but its margins saw a contraction compared to last year.
NBCC's net profit for the quarter increased by 52.8% from the same quarter last year to ₹125.1 crore from ₹81.9 crore. Revenue for the period stood at ₹2,458.7 crore from ₹2,085.5 crore during the year-ago period, implying a growth of 19.4%.
NBCC's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹100 crore, which was 4.6% higher than the same quarter last year.
EBITDA margin, however, narrowed on a year-on-year basis by 50 basis points to 4.1% from 4.6% during the same period last year.
NBCC has not shared details on the order book size or the order pipeline for the second half of the current financial year, which they might during their post-earnings call with analysts.
Shares of NBCC are currently trading 4.3% lower on Wednesday at ₹89.66. The stock is down 36% from its recent peak of ₹139. The correction from the peak has trimmed NBCC's advance for 2024 down to 65%.
NBCC also recently declared a bonus issue of shares, and is now trading adjusted for the same.
