NBCC (India) (534309) Q4 23/24 earnings summary

Executive summary

• Achieved record consolidated revenue of ₹10,666.68 Cr for FY 2023-24, up 17.5% year-over-year, with consolidated PAT at ₹414.38 Cr and standalone PAT at ₹344.36 Cr.

• Secured new business worth ₹23,500 Cr (consolidated), a 250% increase over last year, and order book stands at ₹52,242 Cr as of March 31, 2024.

• Recommended a final dividend of ₹0.63 per share and a 1:2 bonus share issue, subject to shareholder approval.

Financial highlights

• Standalone revenue from operations: ₹8,050.62 Cr (up from ₹6,736.31 Cr in FY23); consolidated revenue: ₹10,432.64 Cr.

• Standalone PAT: ₹344.36 Cr (up from ₹231.13 Cr); consolidated PAT: ₹414.38 Cr (up from ₹278.01 Cr).

• EPS (consolidated): ₹2.23 (up from ₹1.48); standalone EPS: ₹1.91 (up from ₹1.28).

• Net worth (standalone): ₹2,13,900 Cr; reserves (standalone): ₹1,95,900 Cr.

• Dividend payout for FY24: ₹0.63 per share (63% of face value), with a 1:2 bonus share issue proposed.

Outlook and guidance

• Poised for growth with a strong order book and focus on infrastructure, real estate, and redevelopment projects.

• Diversifying into new sectors: aviation, healthcare, defense, smart cities, and industrial estate development.

• Overseas expansion ongoing, with projects in Mauritius, Maldives, Seychelles, Dubai, and Jeddah, and exploring new markets in Africa and Asia.

• Committed to completing Amrapali and other stalled projects, with 19,000 units delivered and another 19,000 targeted by March 2025.