NCC Limited Received Order Worth ₹424.79 Crores

NCC Limited is one of India’s leading construction and infrastructure companies. Founded in 1978 and headquartered in Hyderabad, Telangana, NCC operates across various sectors of infrastructure development.

Got Project Value of ₹424.79 Crores

NCC Limited (formerly Nagarjuna Construction Company Limited), a prominent player in India’s construction and infrastructure landscape, has announced the acquisition of a significant contract valued at ₹424.79 crores (excluding GST) from a State Government authority. 

The project, awarded under the company’s Transportation Division, is slated for completion within a 24-month timeframe. Importantly, the engagement involves no participation from promoter groups or related parties, underscoring its status as a purely external venture.

Strategic Expansion and Infrastructure Leadership

This development reaffirms NCC Limited’s strategic ambition to expand its footprint within India’s burgeoning infrastructure sector, with a particular focus on transportation projects. The company has reiterated that the contract was awarded through the regular course of business and does not constitute an internal transaction.

Management Insights

A.V. Ranga Raju, Managing Director of NCC Limited, expressed confidence in the company’s trajectory, citing a robust project pipeline and NCC’s pivotal role in contributing to India’s infrastructure development.

Q2 FY25 Financial Performance

The company also reported a remarkable performance for Q2 FY25, ending 30 September 2024. Revenue surged by 10.1% to ₹5,196 crore compared to ₹4,720 crore during the same period last year. Net profit witnessed an extraordinary 110.7% growth, reaching ₹162.96 crore, up from ₹77.34 crore in Q2 FY24.

EBITDA rose sharply by 46% to ₹442.95 crore from ₹303.74 crore in the previous year, with the EBITDA margin strengthening to 8.5% from 6.4%.

Share Price Performance 

At 2:05 PM today, NCC Limited shares traded at ₹215.55 per share on the NSE.

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