Navratna PSU sells Rs 2,857-crore commercial asset in Delhi's Sarojini Nagar

NBCC (India) Ltd: Navratna Public Sector Undertaking (PSU) NBCC (India) Limited on Wednesday announced that it has successfully concluded a major e-auction of commercial built-up space at Bharat Business Park, Sarojini Nagar, in New Delhi, selling around 7.08 lakh sq ft of commercial area for approximately Rs 2,857 crore. Shares of the company gained post the announcement.

According to National Buildings Construction Corporation (India) Limited (NBCC), the entire transaction was executed through an e-auction process. In addition to the sale value, NBCC will earn a marketing fee of 1 per cent on the total transaction value, further adding to its revenue stream.

"NBCC (India) Limited has successfully sold commercial built-up space of approx 7.08 lac sq ft area at Bharat Business Park, Sarojini Nagar, New Delhi through an e-auction at a total sale value of approx Rs 2,857 crore," NBCC said in an exchange filing.

NBCC's new work orders worth Rs 20.92 crore

Earlier, on June 16, NBCC informed exchanges that it has secured fresh work orders worth around Rs 20.92 crore in the ordinary course of business.

These include Project Management Consultancy (PMC) assignments:

• Improvement works to the Medical and Surgical Blocks of ChPA Hospital at Chennai Port, Chennai, awarded by Chennai Port Authority, worth Rs 8.48 crore
• Construction of a 150-bedded Vishram Sadan at Government General Hospital, Kurnool, Andhra Pradesh, awarded by Power Grid Corporation of India Limited, worth Rs 12.44 crore

The contracts are domestic in nature and fall under PMC services.

NBCC Q4 FY26 Financial Earnings

For the quarter ended March 31, 2026, NBCC reported a decline in revenue but a rise in profitability on a year-on-year (YoY) basis.

The company reported revenue from operations of Rs 4,559.80 crore in Q4 FY26, compared to Rs 4,643.85 crore in Q4 FY25, reflecting a decline of around 1.81 per cent YoY.

It recorded consolidated net profit of Rs 253.51 crore, up from Rs 182.67 crore in the same period last year. This marks a sharp growth of around 38.8 per cent YoY.

Segment-wise performance:

• PMC revenue increased 2.14 per cent YoY to Rs 4,356.79 crore, making it the primary revenue driver
• Real estate revenue declined sharply to Rs 42.73 crore from Rs 161.39 crore, indicating a decline of 73.5 per cent
• EPC (Engineering, Procurement & Construction) revenue fell 33.4 per cent YoY to Rs 140.44 crore from Rs 210.83 crore

NBCC Final Dividend announcement

The board of NBCC (India) Limited also recommended a final dividend of Rs 0.46 per equity share (face value Rs 1) for FY26, subject to shareholder approval at the upcoming AGM. This is higher than the previous year’s final dividend of Rs 0.14 per share.

Additionally, the company had declared and paid its third interim dividend of Rs 0.12 per share during the financial year.

NBCC share price performance

Shares of NBCC (India) Limited ended higher on Wednesday's trading session. The Navratna PSU stock closed at Rs 112.85, up 3.39 per cent from its previous close.

In the near term, the stock has gained about 9.72 per cent over the past week. However, on a year-to-date (YTD) basis, the stock remains under pressure, down around 7.58 per cent.

Despite short-term weakness, NBCC has delivered strong long-term returns. Over a three-year period, the stock has surged approximately 310.96 per cent, while over five years it has gained around 205.41 per cent.