NCC bags ₹218.8-crore transportation order from a state government

Infrastructure company NCC Ltd on Friday (February 28) said it has received an order worth ₹218.82 crore (excluding GST) in February 2025 for a transportation project awarded by a state government. The contract, which falls under the company’s transportation division, is scheduled to be executed over 36 months.”…has received an order valuing Rs 218.82 Crores (Excluding GST) in the month of February 2025. The order is related to the Transportation Division and is received from the State Government and does not include any internal order,” NCC said in a regulatory filing.

The company clarified that the order was secured in the normal course of business and does not involve any related party transactions, as the promoters, promoter group, or group companies have no interest in the awarding entity.

Also Read: Order inflow target ₹20,000-22,000 crore for FY25, says NCCQ3 numbersNCC reported a 12.5% year-on-year (YoY) decline in net profit at ₹193.2 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal year, NCC Ltd posted a net profit of ₹220.7 crore.

The company’s revenue from operations increased 1.6% to ₹5,344.5 crore against ₹5,260 crore in the corresponding period of the preceding fiscal year. At the operating level, EBITDA fell 16.6% to ₹420.9 crore in the third quarter of this fiscal year from ₹504.4 crore in Q3FY24.

The EBITDA margin shrank to 7.9% in the reporting quarter from 9.6% in the corresponding period in the previous fiscal year. The company has reported basic and diluted EPS of ₹3.08 for the third quarter against ₹3.51 a year ago

Also Read: NCC secures orders worth ₹3,496 crore in October 2024

Shares of NCC Ltd ended at ₹175, down by ₹3.75, or 2.10%, on the BSE.