2024-11-14 12:29:57 :
NBCC India’s second quarter results for fiscal 2024: NBCC India announced its second quarter results for fiscal 2024 on November 13, 2024, which showed a strong performance with revenue growing by 19.75% year-on-year. The company reported profits of $1.2212 billion rupees, a significant increase of 53.43% compared with the same period last year. Total revenue for the quarter was $2458.73 Crores.
NBCC India experienced strong growth compared to the previous quarter, with revenue up 14.67% and profit up 16.72%. This positive trend reflects the company’s strong operational capabilities and market demand.
Operating income increased by 9.13% month-on-month and 241.55% year-on-year, demonstrating the company’s ability to improve profitability through effective project management and execution.
However, the company’s selling, general and administrative expenses increased by 0.58% month-on-month and 5.56% year-on-year, indicating a slight increase in operating costs.
Second quarter earnings per share (EPS) reported at $0.45, a year-on-year decrease of 37.26%. Although the overall profit increased, it may still affect investor sentiment.
In terms of stock performance, NBCC India returned -11.76% last week, -0.62% over the past six months and an impressive 64.64% year-to-date return, reflecting the stock’s volatility sex, also reflects its recovery potential.
As of November 14, 2024, NBCC India had a market capitalization of $24,167.7 billion rupees, a new 52-week high $139.83 and lowest price $42.53. This reflects large swings in its share price, indicating varying levels of investor confidence.
Sentiment appears to be mixed among analysts covering the company: one analyst rates it a Strong Sell, another gives it a Hold rating, and one assigns a Buy rating . The consensus recommendation as of November 14, 2024 is Hold, indicating a cautious stance among market experts.
Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.
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