NCC Reports Strong Q4 Results with Increased Profit and Revenue
The industrial building construction company, NCC, reported a significant increase in net profit and revenue for the fourth quarter of the 2024 financial year (Q4FY24). Compared to the same quarter in the previous year (Q4FY23), NCC's net profit jumped by 25.2% to Rs 239.2 crore, while its topline surged by 31% to Rs 6,485 crore.
The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) also witnessed a healthy growth of 18.5%, reaching Rs 550.4 crore in Q4FY24. However, the EBITDA margin saw a slight decline to 8.5% compared to 9.4% in Q4FY23.
As of March 31, 2024, NCC's consolidated net debt stood at Rs 428 crore. The Board of Directors proposed a dividend payment of Rs 2.20 per equity share for FY24.
During the quarter, NCC made significant strides by entering the smart meters segment and securing three projects worth Rs 8,080 crore. The company has already commenced field trials for smart meters in the Bihar project and plans to initiate similar trials for Maharashtra projects soon.
Additionally, NCC received new orders worth Rs 3,086 crore in March. The company's market capitalization currently stands at Rs 16,433.30 crore, with its stock price trading 6.35% higher at Rs 267 per share at 10:00 AM.