Management consulting major NBCC (India) Ltd on Monday, 24 February, announced securing a new order worth Rs 264 crore from NIT Kurukshetra. 

The contract involves constructing multiple buildings at NIT Kurukshetra in Haryana, including the academic block, hostel, residential quarters, director’s residence, vertical expansions of hostels and academic buildings, and other external development work. The project will be executed under the Engineering, Procurement, and Construction (EPC) model.

Last week, the company secured two new contracts totalling Rs 851.69 crore.

The first, valued at Rs 776.75 crore, was awarded by Damodar Valley Corporation for the construction of buildings and associated infrastructure for townships in Durgapur, Koderma, and Raghunathpur, Kolkata.

The second, worth Rs 74.94 crore, was from the Ministry of Housing and Urban Affairs for maintenance work at the New Moti Bagh GRPA Complex for two years, extending until FY27.

NBCC reported a 25.1% rise in net profit for the December quarter, reaching Rs 138.5 crore compared to Rs 110.7 crore in the same period last year. Revenue from operations also grew 16.6% to Rs 2,827 crore, up from Rs 2,423.5 crore in the third quarter of the previous year.

At the operational level, EBITDA increased by 22% to Rs 142 crore from Rs 116.8 crore, with the EBITDA margin improving slightly to 5% from 4.8%, reflecting better efficiency.

On 13 February, NBCC provided a strong outlook for FY26, projecting revenue growth of 25-35%, a significant jump from the current 10-15% range. The company also expects an EBITDA margin expansion of 0.5-1% from current levels.

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