The shares of LCC Projects rose in intraday trade on Tuesday, November 3, extending its gains for the seventh straight session after the company secured a Letter of Intent (LoI) for a project worth ₹703 crore. According to reports from CNBC TV18, the company received an LoI for an Engineering, Procurement, and Construction (EPC) contract from the Gujarat Water Supply and Sewerage Board (GWSSB) to develop water supply infrastructure across the states of Bharuch and Vadodara districts.
The company delivered robust financial results for Q2FY27, with consolidated net profit surging 58% year-on-year to ₹769 million. As reported by LCC Projects, consolidated revenue from operations increased 34% YoY to ₹8,857 million, driven by robust infrastructure development activities and improved project execution. For the half-year ended September 30, 2026, standalone revenue stood at ₹15,951.11 million while profit after tax reached ₹1,310.41 million. Basic earnings per share for the quarter improved to ₹2.41 from ₹1.74 in the corresponding period last year.
In a significant development, LCC Projects has secured another major contract worth ₹151.57 crore excluding GST from the Executive Engineer, Sauni Yojana Division, Rajkot, Government of Gujarat. As reported by Reuters, this EPC contract involves supplying water from Machhu-I Dam to Triveni Thanga Reservoir and villages in Wankaner and Chotila talukas. The contract includes operation and maintenance of the commissioned project for 10 years with a construction period of 24 months, with a formal agreement to be executed under the tender conditions.
The project involves surveying, designing and constructing a complete end-to-end water supply system drawing raw water from the Bhadbhut Barrage. As reported by CNBC TV18, the work covers the construction of reinforced cement concrete (RCC) storage tanks, a pump house, staff quarters and boundary walls. The company will also install pumping machinery, electrical and instrumentation systems, and Supervisory Control and Data Acquisition (SCADA) technology. The project must be completed within 18 months from the date of the Letter of Intent, including a three-month trial run.
According to latest market data from India Infoline, the LCC Projects Ltd shares price on NSE is ₹135.40 as of November 3, 2026, showing continued strength from the previous session. The company's market capitalization stands at ₹3,920.41 crore with a PE ratio of 13.96 and PB ratio of 3.40. The stock has shown a 52-week high of ₹117.12 and 52-week low of ₹189. The company's shares have fallen 20.8% since its listing on the exchanges on September 17 this year, though today's gains have extended the company's gains for the seventh straight session.
