NCC said the orders were received in the normal course of business and do not include any internal order.
The company also said its promoters, promoter group and group companies have no interest in the entities that awarded the projects. The orders do not fall under related-party transactions.
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First Quarter Results
NCC’s consolidated net profit rose 12.6% year-on-year to ₹216.4 crore, while revenue increased 12.2% to ₹5,812 crore. Operating performance also improved, with EBITDA climbing 19.5% to ₹545 crore, while the operating margin expanded to 9.38% from 8.81% a year earlier.
Including other income, consolidated turnover stood at ₹5,842.5 crore, compared with ₹5,207.9 crore in the corresponding quarter last year. Earnings per share also improved to ₹3.45, up from ₹3.06 in the year-ago period.
The company continued to build its order pipeline during the quarter, securing fresh orders worth ₹3,882 crore, including changes in project scope. As a result, its consolidated order book stood at ₹81,214 crore as of June 30, providing healthy revenue visibility for the coming years.
ALSO READ | NCC Q3 Results: Net profit tanks 37% to ₹123 crore on lower revenue
NCC Ltd is one of India’s leading infrastructure and construction companies, executing projects across buildings, roads, metro rail, irrigation, water supply, electrical transmission, mining and urban infrastructure.
Shares of NCC Ltd ended at ₹148.75, up by ₹0.40, or 0.27%, on the BSE.
