Shares of NBCC were trading 6% below on 10 November after the company reported a 16.7% decline in Q2 net profit.

The company reported a 16.7% year-on-year (YoY) decline in its net profit to Rs 79.6 crore during the quarter from Rs 95.5 crore reported in the year-ago quarter.

However, the company’s revenue saw a marginal growth of 1.2% YoY to Rs 2,053.3 crore against Rs 2,029.7 crore reported in the same quarter of the previous fiscal year.

The EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter was at Rs 95.5 crore, which is an 8% YoY increase from the previous year-ago quarter. The EBITDA margin expanded during the quarter to 4.7%.

The company is also planning to monetise some of its commercial and residential projects across India with an aim to mop up Rs 600 crore by the end of 2024.

In October, the company received an order from the Visakhapatnam Port Authority for the renovation and refurbishment of office buildings located at Visakhapatnam Port for a total consideration of Rs 80 crore.

It also received another order in October from Ali Yavar Jung National Institute of Speech and Hearing Disabilities Ali Yavar Jung National Institute of Speech and Hearing Disabilities, Mumbai, to construct a permanent building of the newly approved composite regional centre at Chhatarpur, Madhya Pradesh.

At 12:34 pm, the shares of NBCC were trading 1.87% lower at Rs 65.75 on NSE.