Leading Navratna state-run NBCC (India) Ltd today declared its financial results and recommended interim dividend. The stock recorded sharp fall of 5.47% to Rs 85.33 per share on Bombay Stock Exchange (BSE). The PSU today announced it net profit for the quarter ended December 2024 to Rs 138.5 crore, up 25.1% year-on-year (YoY) as against Rs 110.7 crore announced in the corresponding quarter of last year.
The Board of Directors of NBCC today declared an interim dividend of Re 0.53 per equity share of Re 1 each for the financial year 2024-25.The stake of LIC in NBCC stood at 5.11% for December 2024 quarter. Meanwhile, the company has a market capitalisation of Rs 23,039.10 crore. Check more details below:
NBCC Q3 Results
The company announced its consolidated revenue from operations for the December 2024 quarter at Rs 2827 crore, up 16.6% YoY as against Rs 2423.5 crore announced in similar quarter of last year. The firm’s EBITDA (as operating level) stood at Rs 142 crore, up 22% as compared to Rs 116.8 crore an year ago. EBITDA margin improved by 5% for December 2024 quarter from 4.8%. The earning per share (EPS) of the company stood at Re 0.51 for December 2024 from Re 0.41 in December 2023 quarter.
NBCC Recommends Interim Dividend
As per the exchange filing of NBCC dated February 11, 2025, “declared Interim Dividend for the Financial Year 2024-25 of Rs. 0.53 /- (i.e. 53%) per equity share of Rs. 1 each.”
NBCC Revises Record Date For Dividend
The company revised the record date for interim dividend to Feb 18, 2025 for fixing the eligibility of shareholders for payment of interim dividend.
NBCC Shares Performance
The 52-week high price of NBCC (India) Ltd shares on BSE is Rs 139.90 per share (as on 28/08/2024) and 52-week low price is Rs 70.14 per share (as on 14/03/2024), respectively. It offers a return on equity (ROE) at 18.18%. NBCC shares slipped 30.73% in last 6-months, slipped 13.50% in last 1-year, and offered returns of 266.54% in last 2-years. The PSU stock delivered returns of 184.91% in last 3-years and 318.08% in last 5-years.
Should You Buy PSU NBCC Shares?
According to A R Ramachandran, SEBI registered Independent research analyst, “NBCC stock price is bearish on the Daily charts with strong resistance at 90.75. A Daily close below support of 85 could lead to a target of 77 in the near term.”
NBCC Bags New Order
As per the exchange filing of the PSU dated Feb 11, 2024, the company bagged Rs 170.33 crore order from Central University of Punjab and Rs 102.00 crore order from Navodaya Vidyalaya Samiti (NVS).
How To Be Eligible For NBCC Dividend?
Record date plays key role in deciding shareholders’ eligibility for dividend. Shareholders whose name reflects in company’s record on the record date will become eligible for dividend. Record date is the date when the firm finalises list of shareholders qualified for the company’s dividend distribution. In the case of NBCC, the record date has been fixed as February 18, 2025. Therefore, shareholders must buy NBCC shares (only after taking SEBI’s registered advisor’s advice) before the record date to receive dividend.
NBCC Dividend History
The PSU recommended a total of 16 dividends since August 30, 2012. In last 1-year, NBCC (India) recommended an equity dividend amounting to Rs 0.63 per share. At last trading price of Rs 85.33 apiece, NBCC offers a dividend yield of 0.73%. And, after adjusting for bonus issue/ stock split the dividend yield is 0.49%, according to Trendlyne.
NBCC Bonus Shares History
It recommended 2 bonuses since February 17, 2017. The PSU’s last bonus was recommended in the proportion of 1:2 with ex-date set as October 7, 2024.
Disclaimer: The stock has been picked from the brokerage report of A R Ramachandran, SEBI registered Independent research analyst. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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