Are NBCC latest results good or bad?

NBCC (India) reported its financial results for the quarter ending June 2025, revealing a mixed operational performance. The company achieved a Profit After Tax (PAT) of Rs 132.13 crore, which reflects a year-on-year growth of 26.3%. This growth in PAT suggests a favorable near-term outlook for the company's core operations.
However, the results also present some concerns. Non-operating income constituted 40.95% of the Profit Before Tax (PBT), which raises questions about the sustainability of the company's income sources. The non-operating income reached its highest level in the last five quarters at Rs 74.30 crore, indicating a potential reliance on income from non-business activities that may not support long-term viability.

In terms of sales, NBCC reported a net sales growth of 11.61% for the quarter, compared to 11.71% in the same period last year. The operating profit margin, excluding other income, was recorded at 4.28%, which reflects a slight change from the previous year. Overall, the company saw an adjustment in its evaluation over the past three months, reflecting the mixed performance in its latest financial results.