NBCC · Construction
NBCC (India) Ltd. reported revenue of ₹3,996 cr for January to March 2024, — on the year and +64.9% on the quarter.
Operating profit (EBITDA) was ₹243 cr, a margin of 6.1%, — on the year and +125 bps on the quarter.
Net profit was ₹141 cr, — on the year and +23.7% on the quarter, with earnings per share of ₹0.50.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
On earnings per share of ₹1.48 over the last four quarters, the stock at ₹75.51 trades at 51.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,424 cr | ₹3,996 cr | ₹2,143 cr | ₹2,446 cr | ₹2,809 cr | ₹4,644 cr | ₹2,391 cr | ₹2,914 cr | ₹3,022 cr | ₹4,560 cr | ₹2,260 cr | ₹3,396 cr |
| YoY | — | — | +12% | +19% | +16% | +16% | +12% | +19% | +8% | −2% | −5% | +17% |
| EBITDA margin | 4.8% | 6.1% | 4.3% | 4.1% | 5.1% | 6.3% | 4.6% | 3.6% | 3.8% | 6.3% | 6.9% | 6.6% |
| Other income, % of PBT | 24% | −22% | 38% | 40% | 28% | −16% | 41% | 50% | 58% | 17% | 29% | 21% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 28% | 25% | 25% | 27% | 27% | 26% | 23% | 25% | 26% | 26% | 26% |
| Net profit | ₹114 cr | ₹141 cr | ₹107 cr | ₹125 cr | ₹142 cr | ₹183 cr | ₹135 cr | ₹157 cr | ₹197 cr | ₹254 cr | ₹158 cr | ₹210 cr |
| YoY | — | — | +39% | +52% | +25% | +30% | +26% | +25% | +39% | +39% | +17% | +34% |
| Core profit YoY | — | — | +61% | +5% | +22% | +19% | +19% | +3% | −22% | −2% | +42% | +118% |
| EPS | ₹0.41 | ₹0.50 | ₹0.39 | ₹0.45 | ₹0.51 | ₹0.65 | ₹0.49 | ₹0.57 | ₹0.71 | ₹0.89 | ₹0.57 | ₹0.76 |
| Flags | · | · | ✓ | 2 | ✓ | ✓ | ✓ | 2 | 2 | 1 | ✓ | 3 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
NBCC (India) Ltd. reported revenue of ₹3,996 cr (— on the year) and net profit of ₹141 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.