Q4 2024 NBCC (India) Ltd Earnings Call Transcript
Key Points
- NBCC India Ltd (BOM:534309) achieved an all-time high revenue of INR 10,433 crores for FY23-24, marking an 18% year-on-year increase.
- The company reported a significant increase in profitability with a PBT of INR 559 crores, up by 50% year-on-year.
- NBCC secured record new business worth INR 23,500 crores during FY23-24, a 250% increase.
- Successful sales of inventory in the World Trade Center New Delhi, with sales reaching INR 6,480 crores compared to INR 2,074 crores in the previous year.
- The Amrapali Project contributed significantly to the top-line growth with a turnover of INR 1,800 crores and the sale of 6,300 units valued at INR 3,650 crores.
- Despite the high revenue, the company's EBITDA margin remains relatively low at 5.75% to 6% on a consolidated basis.
- The pending order book for the Amrapali Project is still substantial at INR 12,800 crores, indicating ongoing execution challenges.
- The company has a significant amount of unsold inventory, with INR 450 crores worth of real estate yet to be sold.
- There are pending approvals and financial issues in some international projects, such as the one in Burundi, which has been put on hold.
- The company faces potential risks related to geopolitical tensions, as seen in the Maldives project, which could impact future international ventures.
Ladies and gentlemen, good day, and welcome to NBCC (India) Limited Q4 earnings conference call hosted by ICICI Securities. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Kumar. Thank you, and over to you, sir.
Thank you. Good afternoon. On behalf of ICICI Securities, I welcome you all to Q4 FY24 and FY24 earnings conference call of NBCC Limited. We're happy to host the management of NBCC Limited. From the management side, we have Shri. K.P. Mahadevaswamy, Chairman-cum-Managing Director; Shrimati. B.K. Sokhey, Director, Finance; Shri. Saleem Ahmad, Director, Projects; Shri. Rajendra Chaudhari, Senior Executive Director, Engineering; and Shrimati. Reshma Dudani, Executive Director, Engineering. And also, we have Investor Relations, Balkishan Singla with us.
So without much delay, now I'll hand over the call to the management to give you initial remark or results and current business outlook, followed by which we'll open the
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