NBCC India announced its second quarter results for fiscal year 2024 on November 13, 2024, registering a strong performance. The company’s topline grew by 19.75% on an annual basis. The company recorded a profit of ₹122.12 crore in this quarter, which is 53.43% more than the same quarter last year.
total revenue
The company’s total revenue during the quarter stood at ₹2458.73 crore.
Increase compared to last quarter
NBCC India also recorded strong growth compared to the previous quarter.
Revenue increased by 14.67%.
Profit increased by 16.72%.
This positive trend reflects the strong operating capabilities of the company and increasing demand in the market.
Tremendous improvement in operating income
The company’s operating income grew 9.13% quarter-on-quarter and 241.55% year-on-year. This is indicative of its effective project management and execution capabilities.
slight increase in expenses
However, the company’s selling, general and administrative (SG&A) expenses registered a growth of 0.58% quarter-on-quarter and 5.56% year-on-year. This reflects a slight increase in operating costs.
impact on stock
These strong financial results of NBCC can have a positive impact on the stock market. Strong operating performance and increase in profitability could boost investor confidence, which is likely to push the stock higher.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.