NBCC shares were down 2 percent at Rs 65.71 in the early trade on November 10 after the company posted 16.7 percent fall in its September quarter net profit at RS 79.6 crore against Rs 95.5 crore in the same quarter last year.
Revenue of the company in the July-September quarter was up 1.2 percent at Rs 2,053.3 crore against Rs 2,029.7 crore, YoY.
Earnings before interest, tax, depreciation and amortization (EBITDA) was up 8 percent at Rs 95.5 crore, while margin was up at 4.7 percent, YoY.
Catch all market action in our live blog
The company is planning to monetise some of its commercial and residential projects across the country to mop up anything close to Rs 600 crore by the end of 2024, a top official told Moneycontrol.
In the month of October, the company received a Rs 80-crore order from the Visakhapatnam Port Authority. The order is for the renovation and refurbishment of office buildings located at Visakhapatnam Port.
And order worth Rs 25.19 crore from Ali Yavar Jung National Institute of Speech and Hearing Disabilities (Divyangjan), AYNISHD, Mumbai, for the construction of a permanent building of the newly approved composite regional centre at Chhatarpur, Madhya Pradesh.
The share touched a 52-week high of Rs 74.30 and a 52-week low of Rs 30.96 on 20 October, 2023 and 28 March, 2023, respectively.
Currently, the stock is trading 11.56 percent below its 52-week high and 112.24 percent above its 52-week low.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
