Manufacturing Bharat

We Can Cover You

We Can Cover You

Written by 7:24 am Manufacturing Processes

NBCC shares gain after winning multiple orders worth ₹112 crore

NBCC (India) Ltd. on Tuesday, November 19, said it has bagged multiple orders, collectively worth ₹112 crore from the ST & SC development, minorities and backward classes welfare department.

Of these, a ₹22 crore order is for the upgradation from high school to higher secondary school (art stream) at Badapada High School in Malkangiri.

The remaining six orders are worth ₹15 crore each. These are:

– Upgradation from Ashram school to high school at Mahadeiput Ashram School, Koraput
– Upgradation from Ashram School to high school at Chandaka Ashram School, Koraput
– Upgradation from Ashram school to high school at Hikimput Ashram School, Koraput
– Upgradation from Ashram school to high school at Salepada PVTG Girls Education Compex, Nuapada
– Upgradation from Ashram school to high school at Dhobei Ashram School, Nuapada
– Upgradation from Ashram school to high school at Birighat Ashram School, Nuapada

nbcc share price, nbcc stock, nbcc shares, nbcc new orders, nbcc bags fresh orders, nbcc orderbook, nbcc order book, nbcc stock reaction,

The state-run company reported its September quarter results last week. They were higher on some parameters on a year-on-year basis, but the margin witnessed a contraction compared to last year.

NBCC’s net profit 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 shares were trading 1.39% higher at ₹91.24 apiece at 12.30 pm on Tuesday, November 19. The stock has gained 67.12% this year, so far.

Also Read: Havells India to set up refrigerator manufacturing facility in Rajasthan for around ₹480 crore

Source link

Visited 1 times, 1 visit(s) today
[mc4wp_form id="5878"]