Navratna PSU stock, NBCC out-stands orderbook worth Rs 81,000 Crore

The Civil Construction industry, NBCC India Ltd in India is gaining remarkable growth and is projected to reach Rs 25,316 billion in 2024, an impressive growth of 11.2% increase.

With government investments exceeding $134 billion for infrastructure development, India aims to become the third-largest construction market globally by 2025, driven by urbanization and housing demand. 

With a market capitalization of Rs 24,777.90 crore, the shares of NBCC (India) Ltd were trading at Rs 91.77 per share, increasing around 1.94 percent as compared to the previous closing price. 

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According to a recent filing, the business has a strong standalone order book of Rs. 70,000 crores and a combined order book of Rs. 81,000 crores. The firm aims to reach Rs. 1,00,000 crore order book by the end of the year, driven by current projects and new orders. 

Looking forward to the company’s financial performance, revenue increased by 12 percent from Rs 1,918 crore in Q1FY24 to Rs 2,144 crore in Q1FY25. During the same period, net profit increased by 39 percent, from Rs 77 crore to Rs 107 crore. 

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