State-run construction company NBCC (India) Ltd has successfully sold around 7.08 lakh sq ft of commercial built-up space at Bharat Business Park in Sarojini Nagar, New Delhi, through an e-auction, generating a total sale value of approximately ₹2,857 crore. According to the latest exchange filing, the entire transaction was executed through an e-auction process, with the company informing stock exchanges that the commercial space sale forms part of the Bharat Business Park development under the Sarojini Nagar redevelopment project. NBCC will earn a marketing fee of 1% on the total sale value from this transaction, further adding to its revenue stream.
The latest commercial sale adds to NBCC's growing order book and project pipeline. Earlier on June 16, the company secured fresh work orders worth ₹20.92 crore in the ordinary course of business. These included a ₹8.48 crore contract from the Chennai Port Authority for improvement works at the Medical and Surgical Blocks of ChPA Hospital in Chennai and a ₹12.44 crore order from Power Grid Corporation of India Ltd for the construction of a 150-bed Vishram Sadan at Government General Hospital in Kurnool, Andhra Pradesh. The contracts are domestic in nature and fall under Project Management Consultancy (PMC) services.
Earlier this month, NBCC announced work orders worth ₹83.24 crore. These included a ₹39.99 crore residential construction project for Canara Bank in Mumbai, a ₹5.51 crore contract for the upgradation of the Andhra Pradesh Chief Minister's residence at Janpath in New Delhi, and a ₹37.74 crore order from the Odisha government for construction and expansion works across multiple districts.
For the quarter ended March 31, 2026, NBCC reported mixed financial results with revenue declining but profitability improving on a year-on-year basis. Revenue from operations stood at ₹4,559.80 crore in Q4 FY26, compared to ₹4,643.85 crore in Q4 FY25, reflecting a decline of around 1.81% YoY. However, the company recorded consolidated net profit of ₹253.51 crore, up from ₹182.67 crore in the same period last year, marking a sharp growth of around 38.8% YoY. Segment-wise performance showed PMC revenue increasing 2.14% YoY to ₹4,356.79 crore, while real estate revenue declined sharply to ₹42.73 crore from ₹161.39 crore, indicating a decline of 73.5%.
The development was welcomed by investors, with NBCC shares gaining 3.39% to close at ₹112.85 on Wednesday's trading session. The stock has also gained approximately 9.72% over the past week, though it remains under pressure on a year-to-date basis, down around 7.58%. Despite short-term weakness, NBCC has delivered strong long-term returns, with the stock surging approximately 310.96% over a three-year period and gaining around 205.41% over five years. Additionally, the board of NBCC recommended a final dividend of ₹0.46 per equity share for FY26, subject to shareholder approval at the upcoming AGM, which is higher than the previous year's final dividend of ₹0.14 per share.
