NBCC (India) Ltd's Q3FY25 Quarterly Results

Result Summary

• NBCC (India) Ltd reported a 14.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 16.6%.
• Its expenses for the quarter were up by 13.8% QoQ and 17.0% YoY.
• The net profit increased 13.8% QoQ and increased 25.4% YoY.
• The earnings per share (EPS) of NBCC (India) Ltd stood at 0.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

NBCC (India) Ltd, also known as National Buildings Construction Corporation, is a state-owned enterprise in India primarily involved in project management consultancy, real estate development, and engineering, procurement, and construction (EPC) services. The company operates predominantly in the construction and infrastructure sector and has a significant role in the development of various government and public sector projects across India. In recent periods, NBCC has been associated with multiple redevelopment projects, including prestigious government buildings, infrastructure projects, and housing schemes. The company is well-known for its contribution to the execution of complex and large-scale projects, often with a focus on sustainability and innovation.

Revenue

For Q3 FY25, NBCC (India) Ltd reported a total income of ₹2882.16 crores, marking a quarter-over-quarter (QoQ) increase of 14.1% from ₹2525.96 crores in Q2 FY25. Compared to the same quarter of the previous fiscal year (Q3 FY24), the total income increased by 16.6% from ₹2471.51 crores. This growth in revenue reflects an upward trajectory in the company's financial performance over both the quarterly and yearly timelines. Such an increase in revenue may be indicative of an expanded volume of business activities or successful execution of ongoing projects during this period.

Profitability

In terms of profitability, NBCC (India) Ltd's profit before tax (PBT) for Q3 FY25 was ₹196.10 crores, which represents an 18.4% increase from ₹165.64 crores in Q2 FY25. Year-over-year (YoY), PBT saw a significant rise of 28.7% from ₹152.38 crores in Q3 FY24. After accounting for taxes, the profit after tax (PAT) for Q3 FY25 stood at ₹142.43 crores, up 13.8% QoQ from ₹125.14 crores and 25.4% YoY from ₹113.57 crores. The tax expense for Q3 FY25 was ₹53.80 crores, reflecting a substantial increase of 32.0% QoQ and 38.7% YoY. Despite the higher tax outlay, the company maintained a healthy growth rate in PAT, showcasing enhanced profitability over the periods analyzed.

Operating Metrics

The earnings per share (EPS) for NBCC (India) Ltd in Q3 FY25 remained consistent at ₹0.50, unchanged from Q2 FY25. However, there was a decline from ₹0.60 in Q3 FY24, indicating a YoY decrease of 16.7%. The stability in QoQ EPS suggests a consistent operational performance in recent quarters. Total expenses in Q3 FY25 were ₹2686.06 crores, representing a 13.8% increase from the previous quarter's ₹2360.31 crores and a 17.0% rise from ₹2296.61 crores in Q3 FY24. The growth in expenses aligns closely with the increase in total income, reflecting proportional scaling in operations. The alignment of income and expense growth points to efficient management of operational costs relative to revenue generation across the observed periods.