NBCC India shares jumped 3.34% on Thursday after the state-run project management firm posted a 33.8% jump in second-quarter net profit. Buyers pushed the stock up ₹2.60 to close at ₹80.40 on the BSE.
Net profit climbed to ₹206 crore for the quarter ended September 30, up from ₹154 crore in the corresponding quarter last year, according to regulatory filings. Revenue from operations climbed 16.5% to ₹3,396 crore against ₹2,914 crore a year earlier. Operating leverage kicked in hard. Earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled, leaping to ₹225.5 crore from ₹104.5 crore. That expanded operating margins by 300 basis points—rising to 6.6% from 3.6% twelve months ago.
| Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹3,396 crore | ₹2,914 crore | +16.5% |
| EBITDA | ₹225.5 crore | ₹104.5 crore | +115.8% |
| EBITDA Margin | 6.6% | 3.6% | +300 bps |
| Net Profit (PAT) | ₹206 crore | ₹154 crore | +33.8% |
| Interim Dividend | ₹0.25 / share | — | 25% on face value |
Cash returns followed the margin expansion. NBCC's board declared a second interim dividend of ₹0.25 per paid-up equity share of face value ₹1 each for the financial year 2026-27, marking a 25% payout. The company fixed November 11, 2026 as the record date to settle eligible shareholders. Payment will clear within the statutory window under the Companies Act, 2013.
But execution pace matters most to institutional desks tracking public sector builders. The state-owned enterprise continues to convert an expanding order book, having secured ₹801 crore in mandates from the Reserve Bank of India and the Odisha education authority, alongside ₹145 crore in fresh project awards spread across Meghalaya, Jharkhand, and Odisha.