NBCC India's Stock Surges as Rajasthan Govt Approves Rs. 3,700 Crore Development Project
NBCC India Ltd, a leading construction and infrastructure company, has been appointed as the lead agency for a Rs. 3,700 crore integrated development project in Jaipur, Rajasthan. This move is expected to boost the company's revenue and stock performance.
Nbcc IndiaRajasthan GovtInfrastructure ProjectsStock PerformanceReal Estate DevelopmentReal EstateAug 25, 2025
NBCC India Ltd, with a market capitalization of Rs. 28,147.50 crore, opened at Rs. 103.55 against a previous close of Rs. 103.55. The stock touched an intraday high of Rs. 105, marking a rise of 1.40 percent from the previous close.
The project, which will be developed on 95 acres of Rajasthan State Industrial Development & Investment Corporation (RIICO) land along the B2 Bypass, Tonk Road, includes the design, construction, and marketing of the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and commercial and residential infrastructure. The convention centre, planned over a 25-acre parcel with more than 2 lakh square meters of built-up area, is envisioned as a world-class venue with a seating capacity of 7,000 to 7,500 people.
On a quarter-on-quarter basis, NBCC India's revenue declined from Rs. 4,643 crore in Q4FY25 to Rs. 2,391 crore in Q1FY26, down 48.5 percent. Operating profit fell from Rs. 290 crore to Rs. 110 crore, a drop of 62.1 percent. Profit before tax slipped from Rs. 249 crore to Rs. 181 crore, lower by 27.3 percent. Net profit decreased from Rs. 183 crore to Rs. 135 crore, a decline of 26.2 percent.
On a year-on-year basis, revenue grew from Rs. 2,143 crore in Q1FY25 to Rs. 2,391 crore in Q1FY26, an increase of 11.6 percent. Operating profit rose from Rs. 92 crore to Rs. 110 crore, higher by 19.6 percent. Profit before tax expanded from Rs. 144 crore to Rs. 181 crore, registering growth of 25.7 percent. Net profit improved from Rs. 107 crore to Rs. 135 crore, a rise of 26.2 percent.
As of June 30, 2025, the company reported a consolidated order book of Rs. 1,20,307 crore. Segmental revenue performance in Q1FY26 showed a mixed trend. The Project Management Consultancy (PMC) segment grew 3.35 percent year-on-year to Rs. 1,561.74 crore from Rs. 1,511.11 crore, while the Real Estate segment declined 27.76 percent to Rs. 21.08 crore compared to Rs. 29.18 crore in Q1FY25. The Engineering Procurement & Construction (EPC) segment also fell 15.76 percent, recording Rs. 71.51 crore against Rs. 84.89 crore a year earlier.
NBCC (India) Limited is a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs. The company is engaged in three primary business verticals: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate development, making it a key player in India’s infrastructure growth.
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Frequently Asked Questions
What is the estimated cost of the development project in Jaipur?
The estimated cost of the development project in Jaipur, Rajasthan, is Rs. 3,700 crore.
What are the primary business verticals of NBCC India Ltd?
NBCC India Ltd is primarily engaged in Project Management Consultancy, Engineering Procurement & Construction, and Real Estate development.
How did NBCC India's stock perform after the project announcement?
NBCC India's stock opened at Rs. 103.55 and touched an intraday high of Rs. 105, marking a rise of 1.40 percent from the previous close.
What is the scope of work for the Rajasthan Mandapam Convention Centre?
The scope of work for the Rajasthan Mandapam Convention Centre includes the design, construction, and marketing of a world-class venue with a seating capacity of 7,000 to 7,500 people, planned over a 25-acre parcel with more than 2 lakh square meters of built-up area.
What is NBCC India's consolidated order book as of June 30, 2025?
As of June 30, 2025, NBCC India reported a consolidated order book of Rs. 1,20,307 crore.
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