NBCC shares rise over 3% after company resolves litigation with Delhi government

Shares of the state-run construction company NBCC rose as much as 3.1% to hit an intraday high of ₹125.85 on the National Stock Exchange. On the BSE, NBCC shares advanced as much as 3.19% to hit an intraday high of ₹126 amid higher than usual trading volumes.

The company post market hours on Friday informed exchanges that it has settled a legal case with Delhi government regarding land measuring 42.46 acres in Sultanpur/Ghitorni village in South Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and Government, NCT of Delhi (GNTCD), resulting in a 21.23-acre share for NBCC.

"Further, for this 21.23-acre of land, GNCTD will execute a perpetual lease deed in favour of NBCC. The approved terms will grant development rights to NBCC in accordance with the Master Plan for Delhi (MPD-2021), permitting sub-leasing and mixed-use development under city zoning," NBCC said in an exchange filing.

Trading volume in NBCC spiked as 15.41 lakh shares changed hands compared with an average of 6.51 lakh shares traded daily in the past two weeks.

NBCC Q2 earnings

NBCC last month reported a 25.71% year-on-year (YoY) surge in its consolidated net profit to ₹153.52 crore for the second quarter of the 2025-26 financial year (Q2FY26), compared to ₹122.12 crore it logged in the year-ago period.

The Navratna company witnessed a 19% annual growth in its revenue from operations to ₹2,910.20 crore during the quarter under review, as against ₹2,445.73 crore in the September quarter of the 2024-25 fiscal year (Q2FY25).

The PSU’s revenue from its project management consultant (PMC) segment stood at ₹2,835.94 crore for the second quarter of FY26, reflecting a 30.22% YoY increase from ₹2,177.78 crore in the corresponding period of the previous fiscal year.

The engineering, procurement, and construction (EPC) business contributed ₹67.4 crore, marking a 67.84% annual slump from ₹209.60 crore in Q2FY25.

Its real estate segment’s revenue declined by 91.88% YoY to ₹4.66 crore, from ₹57.42 crore.

At an operational level, its earnings before interest, tax, depreciation and amortisation (EBITDA), also known as operating profit, stood at ₹101 crore during the reporting quarter, representing a marginal YoY growth from ₹100 crore in the September FY25 quarter.

As of 1043 am, NBCC shares traded 1.97% higher at ₹124.47, outperforming the NIFTY Smallcap 100 index which was up 0.16%.