NBCC India Q2 Results 2024:NBCC India declared their Q2 results for the fiscal year 2024 on 13 Nov, 2024, showing a strong performance with the topline increasing by 19.75% year-over-year. The company reported a profit of ₹122.12 crore, which marks a significant rise of 53.43% compared to the same quarter last year. The total revenue for the quarter stood at ₹2458.73 crore.
In comparison to the previous quarter, NBCC India experienced robust growth with revenue up by 14.67% and profit increasing by 16.72%. This positive trend reflects the company’s strong operational capabilities and market demand.
The operating income also saw a remarkable growth of 9.13% quarter-over-quarter and an impressive 241.55% year-over-year, showcasing the company’s ability to enhance its profitability through effective project management and execution.
However, the company’s Selling, General & Administrative expenses rose by 0.58% quarter-over-quarter and increased by 5.56% year-over-year, indicating a slight uptick in operational costs.
The Earnings Per Share (EPS) for Q2 was reported at ₹0.45, which represents a decrease of 37.26% year-over-year, potentially impacting investor sentiment despite the overall profit growth.
In terms of stock performance, NBCC India delivered -11.76% return in the last week, -0.62% return over the last six months, and an impressive 64.64% year-to-date return, reflecting the stock’s volatility but also its recovery potential.
As of 14 Nov, 2024, NBCC India holds a market capitalization of ₹24167.7 crore, with a 52-week high of ₹139.83 and a low of ₹42.53. This reflects a significant range in its stock price, suggesting varying investor confidence.
Among analysts covering the company, the sentiment appears mixed: one analyst has issued a Strong Sell rating, another has given a Hold rating, and one has issued a Buy rating. The consensus recommendation as of 14 Nov, 2024, suggests a Hold, indicating caution among market experts.
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